You signed a non-compete agreement with your employer. Now, you want to go to work somewhere else. What are your options? Mississippi courts disfavor non-compete agreements. The courts prefer a free marketplace. They want people to be able to change jobs and compete. The courts will, however, enforce such an agreement when it is reasonable [..]
You are running a small business without having formed a corporation or other business entity. Someone has suggested that you operate your business in the form of a limited liability company (“LLC”). Should you follow their advice? In most instances, the answer is “yes”. The purpose of an LLC is to limit the liability of [..]
You may have heard the words “tortious interference with contract.” It means a wrongful act of a third party that interferes with a contract between two other parties. Here is an example. Assume there is a contract between John and William. Under this contract, John agrees to pay William $1000 a month to manage John’s [..]
Mediation and arbitration are both ways of resolving a dispute out-of-court. Yet, they work in very different ways. Let us start with mediation. Often, mediation is a voluntary process, meaning both sides to a dispute agree to go to a mediation. In addition, courts often order parties in a lawsuit to try mediation before [..]
In Mississippi, the legal rate of interest is 8% per year, compounded annually That sounds like it is illegal to charge a higher rate. But, that really is not the case. What the phrase really means is that 8% is the rate the law allows if the parties did not agree to something different. So, [..]
Madison County Bar Association
