A lease is often one of the first and most important contracts a business will negotiate. Unfortunately, commercial leases are full of traps for the unwary. This article highlights a few of the common pitfalls encountered by businesses when negotiating a commercial lease and offers tips for how to avoid them. Accepting the Terms… Read More
Being notified that you are on the receiving end of a business lawsuit can be unnerving, even for the most seasoned business professionals. As business attorneys, we make sure our clients know how to take control of the situation, even before the complaint is even filed. Should you face a business lawsuit, below are several… Read More
As technology continues to evolve, standard paper and ink contracts are becoming less common. Contracts are frequently exchanged over email, and many businesses conduct a bulk of their business with consumers over the Internet. If your business has not yet embraced the online contract movement, you may be concerned about legality of electronic signatures. The… Read More
Dealing with deadbeat clients can be one of the most difficult aspects of running a business. While late payments can dramatically impact your bottom line, many business owners are also afraid of damaging an existing relationship over unpaid bills. So what is the best course of action? The simple answer is to develop policies and… Read More
Many businesses are surprised to find out that seemingly valid contracts may still be viewed as unenforceable in the eyes of the court. Here are a few situations that may affect the validity of your contract. Keep in mind that the defenses below can be used as a sword or a shield, meaning that while… Read More
Contract negotiation is a skill that is generally perfected over time. Nonetheless, there are several strategies that are proven to be successful. If you are new to contract negotiation or want to brush up on your tactics, check out the tips below. Set Clear Objectives It is advisable to have a clear list of goals… Read More
Maybe you are starting a business, or maybe you already have one. Either way, it is important to consider whether your legal structure fits your business needs. To help inform your decision, below is a brief summary of the four common legal structures, including the potential advantages and disadvantages of each. Sole Proprietorship This is,… Read More
Businesses are increasingly turning to alternative dispute resolution, or ADR, to settle conflicts with vendors, clients, employees, and even business partners. The upside of ADR is that it avoids the time and expense of litigation; in addition, it often allows the two sides to work together to craft a workable solution. Because many contracts now… Read More
Information privacy and security are hot topics these days and for good reason. The failure to protect customer data can lead to liability and harm your business reputation. Therefore, it is important to understand, both from a legal and technological perspective, how to develop sound privacy and security policies that protect sensitive customer information Data… Read More
Thanks to the growing popularity of smartphones, it is not uncommon to conduct the bulk of your business over email, including contract negotiation. While corresponding via email can help close a deal more quickly, it can also lead to unintended consequences. For instance, many business owners don’t realize that an email can form a binding… Read More
You must be logged in to post a comment.