Business Contracts

Beware the Value Standard in Your Partnership Agreement

Getting it Wrong Could Result in Financial Disaster or Wreck Your Business. As happens after every major economic downturn, relationships – both business and personal – that were on the rocks before the downtown but kept going because money greased the wheels, are now falling apart because the grease is gone. As a result, I’ve […]

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Trademarks, Licensing Agreements, & the Kardashians

Properly negotiated and drafted contracts are critical to building and maintaining the value of a company. When a contract isn’t written carefully by a qualified professional, the contracting parties may discover that what they intended to agree to is not what they actually agreed to. This is especially true with intellectual property, such as a

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cost of litigation vs partnership agreement

Can You Afford to NOT Get a Partnership Agreement?

The role of a business lawyer and the cost of legal services during the formation process and early stages of a new multi-owner business are perennial concerns for business partners. The owners often don’t see the benefits of paying a couple thousand dollars to draft a partnership agreement that doesn’t appear to bring them any

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legal tips to recession proof your business

Secret Weapons to Recession Proof Your Business

Update: Coronavirus (COVID-19) In February of 2020, the novel coronavirus began spreading rapidly throughout the world. There has been widespread economic upheaval and uncertainty as businesses around the US reel from the destabilized supply chain, volatile stock markets, and prolonged shelter-in-place orders. The strategies in this piece for weathering an economic recession are more important

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employer mistakes

Three Costly Employment Mistakes

Employees are absolutely necessary to build and grow a profitable business. Often, in fact, they are considered a business’ most valuable asset. But—whether at the hiring, management, or firing stage—poor employment practices can have disastrous financial or legal repercussions. Proper hiring and training practices are essential to ensure that you bring on qualified employees who

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Florida noncompete agreements

What Every Business Owner Should Know about Florida Noncompete Agreements

Business owners have insurance to protect their business assets in the case of liability loss or accidents. They create business entities—LLCs or corporations—to protect their personal assets. It makes perfect sense that they would also want to protect the business’ services and products from unfair competition by a former employee. Noncompete and other “restrictive covenant”

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SaaS license terms

8 Key Provisions for Your SaaS License Agreement

Early stage software publishers and SaaS/Cloud application providers are always on the prowl for additional revenue. With limited resources, though, it’s not possible to go after every market at once. White labeling a SaaS/Cloud application or licensing software can be a good way to access other markets with little additional investment by utilizing a strategic

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business contracts

Business Contracts 101: 14 Common Business Legal Relationships

In the normal course of business, all business entities must interact with other parties or institutions. All of these relationships are legal relationships that your newly formed business entity will create as it grows. Depending on the industry and entity type, the number, scope, and even names of these contracts can change. This can make

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“Wrap” Your Head Around Online Terms of Service Agreements

Today, a well-maintained and user-friendly website is critical not only to the growth of your business but often to its very survival. Consumers of all demographics find information, check and compare prices, and purchase services and products online. What is more, the ubiquity of smartphones and the explosion of social media platforms in the last

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