Document and Contracts

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Terms & Conditions for your Website

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...

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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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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...

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 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...

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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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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,...

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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...

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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...