Securing the right insurance coverage is as important for a business as it is for the head of a household. Those helping start or operate companies may require a variety of different types of insurance coverage. For example, companies that make their facilities open...
Noncompete agreements could be banned this year
Noncompete agreements are legally binding documents that employers sometimes use with their employees. If an employee signs such a document, they’re saying that they won’t leave their position to take the same job with the competition. In some cases, they’re also...
Does your business have third-party beneficiaries?
Business agreements, contracts and transactions are typically viewed as a two-party affair. However, the involvement of third-party beneficiaries introduces an additional layer of complexity. Third-party beneficiaries are individuals or entities that stand to benefit...
A legal and fair way to eliminate commercial lease obligations
Business owners often “start small.” They may run a company from their home office before securing a lease. Other times, they may have one location and aspire to expand to multiple other locations. Those running retail shops, service-based businesses or restaurants...
3 business transactions you cannot avoid as an entrepreneur
Entrepreneurship is a journey filled with challenges, opportunities and pivotal decisions. In the dynamic world of business, there are certain transactions that every entrepreneur inevitably encounters. These transactions play a crucial role in shaping the trajectory...
Mergers and acquisitions often need purchase price adjustments
Mergers and acquisitions deals average about $67 million and are incredibly complex. In-house attorneys may have the experience to hammer out these deals, but often it involves a legal team to negotiate the agreement. Someone brought in to focus on these deals will...
Mergers and acquisitions come with risks
Mergers and acquisitions (M&A) deals offer many benefits, including more diversified business portfolios, increased business capacity, a larger market share, and access to new expertise and talent. Still, just as partners sometimes dissolve business partnerships,...
Effective credit applications make a difference
Credit applications are often the lifeblood of a business, enabling them to work with vendors, other companies and customers. These legal contracts outline the terms of payment and better ensure that credit is extended to the appropriate parties. Still, one that goes...
Should I add an arbitration clause to my business contracts?
Business professionals who are familiar with litigation know that going to court for a breach of contract or disagreement with an opposing party can be lengthy, costly and inefficient. Many contracts these days include an arbitration clause, which requires the parties...
Using outside legal counsel is good business
Large companies have a legal department, but businesses of every size need outside legal guidance to operate effectively. Legal representation, however, costs money, so it is always worth weighing the company's needs. There are a variety of benefits to using outside...