Business attorneys negotiate and analyze contracts on a daily basis. Though we know from years of experience dealing with parties who are both agreeable and adverse, it can often be difficult for entrepreneurs and small business owners to know what to focus on.
Businesses -- large and small -- are producing insanely one-sided contracts. In the past, you could find fair contracts. Most were short and simple, too. You do this and I do that. But now we've arrived at crazy. And these agreements are putting your business in jeopardy.
It's no surprise pet parents are becoming a lot more serious about pet custody. The need to divide this member of your home can be painful and hold so much more value than the division of material possessions.
You're in final negotiations to buy a new car and the dealer is urging you to protect your $20,000-plus investment by purchasing an extended warranty (also known as a service contract). Are these costly add-ons worth the expense or simply a sucker bet intended to boost the seller's bottom line?
In the current entrepreneurship boom we are experiencing nowadays, it is quite common that novice business owners -- as well as those with more experience -- make very frequent mistakes due to a lack of legal counseling and experience.
Everyone that's bought a car in the last 30 years or so has been pitched an extended warranty. When the car is brand new, the thinking is usually that you've got plenty of time to make that decision later.
The Delaware Court of Chancery recently discussed the contractual legal requirement of "good faith and fair dealing" in the context of a limited partnership agreement. In essence, a contract's language and the purposes of the contracting parties control any implied terms that a court might impose.
I found out the hard way that a partnership is like a marriage. And like some marriages it ended in divorce. I realized how important it is to plan for the possibility of divorce before the honeymoon ends.
I've bought a great many foreclosure properties over the years and can tell you that you can end up pulling your hair out if you're not prepared for the hurdles the lender places in your path to a closing.
Many transactions in the film industry do not fit within any standard paradigm. No matter how complex (or how simple) a transaction may be, it may always be understood if it is broken down into the three basic elements: Money in, money out and control.
Leases and labor are two of the biggest costs for many businesses. In these cost-conscious times, companies have already made painful cuts in staff, but often view their leases as inescapable handcuffs. Wrong.
Every day, all across the country, thousands of businesses put their companies in jeopardy when they rush to sign contracts. They don't read them, they don't understand them and they are not prepared for the consequences.
More fundamentally for any employer, under what circumstances are non-employees, including independent contractors, volunteers, interns, and other marginally affiliated individuals, granted email accounts?