There are plenty of reasons for “agreeing to agree.” The future is hard to forecast; we don’t want a hang-up to impede a venture in the here-and-now; and a dozen others. I don’t need to tell you that this invites uncertainty into your business relationships. But at what point does an agreement rife with future […]
Each state has its own local laws which control how businesses can operate, how business partners can cooperate, and how disputes over contracts are settled in court. Interestingly, business relations have the ability to choose which state laws they want to govern their venture through a “choice of law” provision in their agreement. This is […]
Vendors and other independent contractors should be covered by Commercial General Liability (CGL) and Professional Liability Insurance (PLI) policies, which protect them against the consequences of accidents, errors and omissions, mistakes, and oversights when providing services to clients like you. If they don’t have this coverage (and, in fact, a solid vendor agreement will require […]
Selling a business is much like selling any other big-ticket item. You wouldn’t sell your house, for example, without appropriate renovations, understanding your property value and the market at large, and assembling the right team to facilitate the sale. The same is true with your business. Advisors Assemble! First off, you’ll need to put the […]
Company searches of employee space and property are sometimes necessary to preserve safety, workplace confidentiality, and other important company policies. Employers often wonder what is fair game for a search if they suspect something is amiss, or if they want to be proactive about policy enforcement. The answer is, inevitably, “it depends.” In this article, […]
Vendor contracts are agreements with other companies that provide you your product, or a component of your product or service, for use in your own business. From this definition alone, we can see the importance of a vendor contract in successful operations; and there are supplementary documents, key terms and provisions that can help ensure […]
There are as many types of employment agreements as there are industries. A machinist, a college professor, and a non-profit director will all have unique contracts specific to their vocation. But there are universal provisions off of which each unique contract builds. Things like scope of work, compensation, term and termination are indispensable in any […]
There may come a time in the life of your business where you need to enter a contract with someone under the age of eighteen. In the eyes of the law, anyone under eighteen is deemed to be a “minor,” and special considerations arise that affect how you can (and whether or not you should) […]
For business done on the final leg in the chain of commerce – that is, directly to the customer – the sales or service agreement needs to be especially well thought-out. Customers often lack knowledge of your industry and yet exercise the highest scrutiny of the goods or services they receive. For this reason, your […]
If your business operates a brick-and-mortar store – a commercial storefront, a share-space, even a kiosk – your space is your livelihood. If your business is real estate leasing, your tenants are your bread and butter. In a congenial business relationship, all parties involved benefit from an airtight lease agreement; in a contentious tenancy, the […]
