When a Louisiana company acquires the assets of another, interested parties typically enter written agreements that define the responsibilities and obligations of all parties involved in the transition. For instance, back in 2001, American Airlines took over Trans World Airlines (TWA), and included in the employee contracts were certain protections that secured captain positions for a number of former TWA pilots. A serious contract dispute has flared after an arbitrator recently ruled that those protections have expired.
When Louisiana business people enter written agreements with other parties, they expect everyone involved to adhere to the terms, obligations and responsibilities contained therein. Business relationships often suffer if a breach of contract occurs. Rap music artist Kanye West is currently facing such challenges regarding his affiliation with Tidal music streaming company.
Many UFC fans in Louisiana are familiar with Nate Diaz, a Mexican-American champion fighter. What some might not know, however, is that Diaz is currently being sued by the Ballengee Group sports agency. The contract dispute has grown rather contentious, and plaintiffs are asking for more than $1 million in damages.
The average Louisiana resident would consider $940 million a lot of money. In the business world of advanced technology, it's another story. In fact, Qualcomm, a multinational company that designs and markets wireless products and services, was recently ordered to pay that amount to Canadian-based company BlackBerry following litigation between the two technology superpowers.
Movie streaming mogul, Netflix, and West Coast media company, Relativity, have been involved in litigation regarding a written agreement between the two. The latter has accused the former of a breach of contract. Netflix has come out fighting, however, and quite successfully at that, seeing as a judge sided in its favor by tossing two claims filed by Relativity out of court. Louisiana movie-streaming customers may want to stay updated on the situation.
Those in Louisiana who frequently travel by air understand the frustration an unexpected flight cancellation causes. An ongoing contract dispute between Spirit pilots and their airline has led to a situation that resulted in flared tempers and police action at an airport in another state. The airline threatened to take legal action against the pilots; however, their union representatives say they've done nothing wrong, and the pilots will be aggressively defended should the airline make good on its threat.
Many Louisiana couples share retirement dreams that include building log cabins in the woods or by a lake. For some, taking the dream from idea to reality poses little complication, while others face several obstacles and challenges along the way. A couple in another state's plans were brought to a screeching halt when a contract dispute arose between themselves and a tree removal company they'd hired to clear an area where they'd hoped to build their dream house.
Louisiana fans are surely happy that the 2017 Major League Baseball season is in full swing. However, fans in another state are concerned they are going to lose televised access to their favorite teams. The reason behind the potential TV cut-off is a raging contract dispute between Charter Communications and the Fox News network.
Anyone in New Orleans Parish or other Louisiana locales who has ever become entangled in a contentious business disagreement with one or more parties may relate to a recent battle fought (and lost) by biotechnology mogul, Monsanto. The company's recent contract dispute involved another major seed producer and did not resolve itself quite the way Monsanto had hoped. It all began when Monsanto canceled a contract with the other seed company and joined forces with another entity.
In the Louisiana business world, it's not uncommon for workers and management to disagree from time to time. Whether issues pertain to wages, work hours and overtime, or health care benefits, a contract dispute can place a company's bottom line at risk. Productivity and profitability are easily adversely affected when contract disagreements remain unresolved for too long.