People sometimes call contracts the lifeblood of a business. The contracts that you sign with your employees, service providers and vendors are what allow your business to operate. Knowing that you can rely on certain services and supplies can be crucial to your...
Business law
Business law
Avoid these business formation mistakes
When starting a new business, people often focus on avoiding mistakes after the company is up and running. For instance, they don’t want to be open so long that overhead costs are unsustainable, but they don’t want to have such short hours that many customers can’t...
Include these sections in any contract you create
Every good contract needs a few basics. Without them, the contract could be complicated or may not cover all the incidents that could occur between the parties who signed it. In any good contract, you will want to have: · Payment terms. · The names of the...
Why is it wise to have an attorney draft your business contracts?
If you’ve ever been online, then you’ve probably stumbled on dozens of premade contracts. As someone who runs a business, you might think that these contracts are good enough to help you as you make arrangements with other parties. The reality is that those...
How to create an effective severance package
It has been a challenging year, and reducing your staff -- maybe permanently -- may be the only way your business can survive. However, people will remember how you terminate their employment. Do it badly, and they will leave upset and talk badly about you and the...
Here are some common partnership issues you might be facing
Running a successful business requires a keen eye for market need, and sharp ability to negotiate favorable contracts, and the wherewithal to secure top talent. Yet, none of these abilities can exist without trust and communication with both internal and external...