Mar 2, 2021
What Is a Business Succession Plan?
Do you have a will? Have you thought about how you would take care of your family if something happened to you? Have you given any thought to retirement? Well,...
Document and Contracts
Feb 25, 2021
What’s So Important About Operating Agreements ?
Well, to start with, it is one of the most important documents associated with your business yet in so many instances it is the least considered. In fact, a frightening...
Jul 13, 2020
What Is a Land Lord’s Lien?
Most commercial leases include a Land Lord’s Lien Clause and many business owners don’t understand that magnitude of it. A Land Lord’s Lien is generally a clause written into a...
Jun 30, 2020
Why Can’t I Just Terminate My Lease?
Wanting out of your commercial lease does not mean you can get out. Needing to terminate a commercial lease comes up often, and especially now with the current situation in...
Jun 16, 2020
Pay-if-paid vs. Pay-when-paid in Construction Contracts
What every subcontractor really needs to understand. One little word in a contract can make a big difference. Take for example the word “if” and the word “when”. If you...
May 27, 2020
Understanding Contracts: How do Security Interests work?
Last Updated: No update. New article. Contracts are at the heart of business. At their simplest, contracts are the formalized agreement between two (or more) parties spelling out what each...
Apr 21, 2020
What is Fair Pay for Work Done?
Suppose you have a small manufacturing shop. A customer you have made parts for in the past calls and says he has an emergency. He asks that you manufacture, right...
Apr 9, 2020
Consideration in Contracts
We all know that business deals involve careful consideration of company finances, risk, and potential gain. But the contracts underlying those deals involve another form of consideration—something that demonstrates each...
Apr 6, 2020
Applying for SBA Disaster Loans? Make Sure Your Operating Agreement Is Up to Date.
In the mad dash to get in line for the cash coming to business owners via the CARES Act, take a few minutes to reflect on your formation documents. Specifically,...
Mar 23, 2020
Why Purchase Agreements Should Not Be Templates.
In previous blogs, I’ve talked a bit about why it’s a good idea to have an attorney prepare proper purchase documents – Purchase Agreements, a Bill of Sale, and possibly...
Mar 20, 2020
Using a Force Majeure Clause to Re-Negotiate with Vendors and Landlords in Light of the COVID-19 Pandemic?
In today’s COVID-19 environment, businesses are being told to close their doors and send employees homes. As such, many business owners are struggling to earn enough revenue to be able...
Feb 19, 2020
Beware of Real Estate Contracts
Although more common on the residential side, business owners sometimes sign real estate contracts instead of mortgages as a way to get into the property fast. Real estate contracts may...