In the past week, we’ve received many questions relating to specific contractual issues: e.g. Am I required to perform on a contract if my supply chain is broken? Does the coronavirus pandemic qualify as a force majeure? Will I still get paid on a sale contract if the vendor goes out of business? So, this […]
Friday Mailbag: Contractual Obligations & Amending Contracts Read More »
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
Business Contracts 101: 14 Common Business Legal Relationships Read More »
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
“Wrap” Your Head Around Online Terms of Service Agreements Read More »
In 2014, a group of delivery drivers in Maine sued their employer, Oakhurst Dairy, claiming that they were owed four year’s worth of overtime pay. A federal court in Maine initially ruled against them, but the drivers appealed that ruling to the First Circuit US Court of Appeals. With $10,000,000 on the line, the ruling
Could A Single Comma Cost This Business $10,000,000? Read More »
Business owners generally understand that their business needs to have contracts and agreements in order to protect itself from being sued and having to pay lawyers to defend the company in court. What is less understood is how business contracts impact business value. Well-written contracts can enhance overall business value, and poorly written contracts can
Surprising Ways the Lease Affects the Value of Your Business Read More »
A business’ value is a function of many hard and soft factors. Of course, revenue and cash flow are vital to determining value, but the likelihood that the cash flow will continue in the future—or rather the risk that it will stop—is another vital component of business value. Business owners often overlook the role that
Protecting Business Value with Employment Agreements Read More »
Customers are the sine qua non of business. They are the difference between a booming Blockbuster Video store in the 90s and that strange building your kids ask you about sometimes. Customers bring revenue and, hopefully, profit. However, even though it may sound paradoxical, businesses outside of the mass-retail or related industries, don’t want every
Customer Agreements as Tools to Increase and Protect Business Value Read More »