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August 2017 Archives

Payless ShoeSource Filing for Bankruptcy, Following Trend of Struggling Retailers

bankruptcy-store.jpgAccording to the reporting from the Los Angeles Times, Payless ShoeSource has filed for Chapter 11 bankruptcy protection. The company, which is based in Topeka, Kansas, operates stores all around the country, including throughout the state of California. At least 400 stores are set to close nationally, with 30 closing in California alone.

Five Things that Must Be Addressed in a California Franchise Agreement

franchise.jpgFor franchisees, their franchise agreement is the fundamental foundation of their investment. If you are considering putting your hard-earned money into a franchise in the Bay Area, it is imperative that you have a well-crafted franchise agreement. Your agreement must be clear and it must adequately protect your legal rights and business interests. Here, we list five critically important issues that must be addressed in your California franchise agreement.

Ready. Aim. FIRE!

If you are honest with yourself, you will admit that things have been bad for some time. Other employees may complain about a particular co-worker, or that worker's production has never been what it should be. The executive may have used excuses or blame to justify his or her poor performance, which caused you to offer one more second chance, but now it's time to face it. The executive must go.

Court Rules that Federal Arbitration Act Preempts California State Law

arbitration.jpgRecently, the United States District Court for the Northern District of California issued an important opinion in the case of Bell Prods. v. Hosp. Bldg. & Equip. Co. The court ruled that the Federal Arbitration Act (FAA) preempts a California state statute that requires that arbitration proceedings must remain in state. The decision could potentially have significant ramifications for California businesses and contractors who deal with out of state firms.

Understanding a Secured Creditor's Right to 'Adequate Protection'

debt.jpgA secured creditor is a lender that takes on collateral in exchange for extending credit. If the debtor, for whatever reason, is unable or unwilling to repay their debts to a secured creditor, then the lender can take legal action to obtain the specific asset for which they possess collateral.

  • Santa Clara County Bar Association | 1917
  • American Inns of Court
  • CWL | California Woman Lawyers
  • Bay Area Bankruptcy | Forun
  • The State Bar of California
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