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Pitfalls of Website Design Contracts

So, you’re starting a business. You’ve formed your business entity and made sure you have your trademarks, patents, copyrights, and/or trade secrets in order, and now you need to get...

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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...

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The Liquidated Damages Clause

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...

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Buying an Existing Business?

If you are presented with the opportunity of buying an existing business, you may be attracted to the idea of walking into an income-producing business with a great location, a...

Contract Tip What is a Counterpart Clause

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...

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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...

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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...

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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...

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Invalid Contracts Can Cost Your Business

Back in the day, many deals were made based on nothing more than a handshake. While you may still do business with a friend or family member without drawing up...