Sep 3, 2019
Pro Forma Financial Statements
For business owners, making decisions about business operations and the company’s trajectory can be exciting, but it also comes with uncertainty. For example, say your company wants to expand and...
Document and Contracts
Jun 24, 2019
Understanding Contracts: The Sports Contract
When most of us hear about our favorite pro athlete signing with a new team, we see dollar signs. Mike Trout’s $426 million contract with the Los Angeles Angels makes...
May 28, 2019
Understanding Contracts: The Contractor and Subcontractor
Let’s face it: there comes a point when we realize we can’t do it all. Accordingly, many businesses hire contractors to perform services ranging from payroll, marketing, janitorial, or even...
Jan 17, 2019
Contract Tip: What is a Counterpart Clause?
Boilerplate contract terms are often overlooked, and in some cases, this can be dangerous. A counterpart clause is one such often overlooked contract term. While I would hesitate to classify...
Dec 18, 2018
Contract Tip: What is an Assignment Clause?
Let’s say that you are planning your wedding reception and you contracted with a particular ice sculptor because of his demonstrated ability to sculpt intricate, life-size ice replicas of the...
Oct 13, 2018
Contract Tip: Why Governing Law and Jurisdiction is Important
Let’s suppose you have a small consulting business. Given the power of the Internet, you can be located in New Mexico, have a partner in California and a client in...
Sep 24, 2018
Contract Tip: What is Force Majeure?
Contract law is rife with terms of art which can be very confusing to the average business owner. In our previous articles, we have tried to shed some light on...
Sep 14, 2018
What is a Business Succession Plan?
The unthinkable has happened. On the way home after work, a business owner was involved in a tragic accident and did not survive. The next day over at the workplace,...
Sep 11, 2018
What is a Certificate of Good Standing?
No matter how old we get or how many businesses we own, we are never free of the dreaded “Report Cards” of life. As adult individuals we must concern ourselves...
Aug 19, 2018
Contract Tip: Top 6 Problems in Contracts
No one likes to pay a lawyer, but it’s always good practice for a small business owner or leader to hire an attorney to review contracts before signing them. Even...
Jul 31, 2018
Contract Tip: Attorneys Fees
The notion of the concept of “attorneys fees” sounds so self-serving coming from the fingertips of this small business lawyer. The thing is, if a contract has a fair-and-balanced “attorneys...
Jul 21, 2018
The “Simple Contract”
If I earned a nickel every time someone asked me to provide a “simple contract,” I would be a rich man indeed. The problem is, when most people think of...