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 […]
At its heart, a contract is nothing more than a series of promises. While agreements to perform and compensate are hallmarks of a contract, other lesser-acknowledged promises, known as representations and warranties, set standards for performance and allocate risk. In this article, we will discuss the indispensable warranties you should demand in any vendor agreement. […]
[bctt tweet=”With more than 3 million trademarks currently registered with the USPTO, that is a large minefield to navigate; and new names are imagined and reserved daily.” username=”drosslaw”] Creating the right name for your business website is a challenge in itself. You want your name to be memorable, easily pronounced and spelled, brief and, perhaps […]
WHAT IS A DBA? A “Doing Business As” registration – also known as a DBA, trade name, fictitious business name, or assumed name – is a useful and sometimes necessary tool for conducting business. A DBA allows a company to operate under a name other than its true legal name, which may not be desirable […]
In our last blog series, we explored the advantages and disadvantages of many common types of business formations and found a trend among them: the most popular forms offered limited liability – that is, legal and financial liability that is limited to what is invested in or integral to the operation of the business. This […]
In our last blog entry we discussed limited liability companies, with an emphasis on the ease of use that many small businesses find appealing. Yet there are circumstances where a company may value structure and accountability over functional agility – consider a business that is eying entry into the heavily-regulated stock market, or one where […]
