Many individuals who go into business for themselves have the weight of the world on their shoulders. They must come up with the funding to get their company off the ground and wear many hats regarding their roles in their business. Business owners often find...
Business law
Business law
When do companies add restrictive covenants to work contracts?
Employment contracts formalize the relationship you have with a new worker. Contracts make plain in written language the obligations of that worker and the responsibilities your company will assume toward that employee. Employment contracts often outline compensation...
11 common business mistakes you need to avoid when starting up
If you’re starting a new business, you need to focus on more than just what you want to do to make the company successful. You also need to think about what not to do and how to avoid mistakes that could sink your new company. Fortunately, if you take the time to...
Ensure your business contracts contain certain valuable clauses
Those operating a successful business in Elizabethtown understand the value of well-drafted business contracts. With a solid business agreement, it is possible to avoid many legal issues before they ever have a chance to arise. In turn, your business proceedings flow...
Should you build a noncompete agreement into your employment contracts?
You’re a business owner who wants to be fair to your employees. Something that you’ve been looking into is how long you should ask them not to work for competing companies following their termination or choice to leave your company. You don’t want to overburden them,...
3 steps to take to enforce a crucial business contract
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...
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...