Jan 20, 2022
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...
contract review
Apr 9, 2020
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...
Sep 5, 2019
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...
Aug 12, 2019
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...
Aug 7, 2019
#5- Breach of Contract- Part 2: The Most Common Lawsuits Filed Against Small Business Owners
Breach of contract means just that; a contract has been “breached” or broken. There are varying degrees of breach ranging anywhere from no performance at all to some/minimal performance. Lets...
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...
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...
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...
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...
Jul 16, 2018
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...