Free Operating Agreement Template – Bad Idea!

January 8, 2020 / by Larry Donahue / Document and Contracts / 0 comments

A free operating agreement typically cause problems for your business

A Free Operating Agreement Template doesn’t make anyone money, so you have to wonder why companies make them available? As a law firm, it probably wouldn’t surprise you to hear that we make most of our money in legal fights — when our clients are in a knock-down, dragged-out fight in litigation. Some of our […]

Important Clauses for LLC Operating Agreements

January 6, 2020 / by Larry Donahue / Document and Contracts / 0 comments

The Operating Agreement acts like a “partnership agreement” between the owners of a LLC. Important clauses for LLC Operating Agreements are critical, and a well-written and customized Operating Agreement for your business is essential to preventing very expensive problems from rearing their ugly heads years later. The problem for many business owners, is they formed […]

Co-working Agreements

November 12, 2019 / by Kameron Kramer / Document and Contracts / 0 comments

These days, flexibility is the name of the game when it comes to working in a wide range of industries. Inspired by companies like Impact Hub and WeWork, entrepreneurs and building owners (or even tenants) with extra space are looking to cash in on the co-working space movement. While entering the shared space industry involves […]

Liquidated Damages in a Credit Card Processing Agreement

October 21, 2019 / by administrator / Document and Contracts / 0 comments

Law 4 Small Business is pleased to feature our guest blog writer, Gingergaye Hollowell. The Most Costly of Termination Fees Period! When you choose a credit card processor, you will be asked to sign a merchant services agreement that includes a commitment of between three and five years. In some cases, breaking a merchant services […]

Terms & Conditions for your Website

September 18, 2019 / by Kameron Kramer / Document and Contracts / 0 comments

These days, creating a website is easier than ever with website building platforms like WordPress and Wix. For business owners, a professional, enticing, and functional website is crucial for attracting and retaining clientele. But apart from the creative content that draws in customers (think: product descriptions, company bio, and images), websites should also include terms […]

The Liquidated Damages Clause

September 5, 2019 / by Sabrina Hernandez / Document and Contracts / 0 comments

When, as a first-year law student, I learned about liquidated damages clauses in my contracts class, I thought they sounded like a magical tool that would prevent anyone from ever getting stiffed in a deal. And to a certain degree, liquidated damages clauses do provide a measure of security. They certainly can be a useful […]

Pro Forma Financial Statements

September 3, 2019 / by Kameron Kramer / Document and Contracts / 0 comments

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 is considering purchasing land for a new manufacturing facility. Or your company is considering refinancing debt in response to low interest rates. Whatever the business […]

Understanding Contracts: The Sports Contract

June 24, 2019 / by Kameron Kramer / Document and Contracts / 0 comments

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 for good conversation at any happy hour. And then there’s the lawsuit recently brought by the U.S. women’s national soccer team against the U.S. Soccer […]

Understanding Contracts: The Contractor and Subcontractor

May 28, 2019 / by Kameron Kramer / Document and Contracts / 0 comments

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 tax preparation. Contracting for these operations enables businesses to focus on their core competencies rather than peripheral tasks that are not at the heart of […]

Contract Tip: What is a Counterpart Clause?

January 17, 2019 / by Larry Donahue / Document and Contracts / 4 comments

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 it as “dangerous,” understanding what the clause means and does is helpful in understanding your duties and obligations under the contract. The Counterpart Clause To […]

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