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Jan 81 min read
Warranties: A Double-Edged Sword
Discover how a carefully drafted warranty can protect your business and build customer trust while avoiding legal pitfalls.
Jan 21 min read
Hidden Costs of Misclassifying Workers
Learn the importance of accurate worker classification and avoid costly mistakes.
Oct 30, 20241 min read
Why Most Business Partnerships Don't Last
47% of my business partnership clients are no longer together. Learn why and how to avoid common pitfalls.
Oct 23, 20241 min read
Dealing with Deadlock: A Must-Have for 50/50 Partnerships
Even the strongest partnerships can face deadlock. Avoid costly disputes by preparing for a conflict with a deadlock provision.
Oct 2, 20241 min read
Don't Rush It: The Importance of Following a Process When Buying a Business
A client rushed to buy a restaurant using generic templates. Discover why taking the time to do it right is crucial when buying a business.
Jun 18, 20241 min read
Strategies for Getting Paid Timely
Some solutions to encourage timelier payments include flexible payment schedules, retainer agreements and automated payment options.
Jun 11, 20241 min read
Using Contracts to Manage Business Risks
Contracts are there to proactively manage potential risks.
Jun 4, 20241 min read
Making Contracts Look Simple is Really Hard
There’s a common misconception about contracts that complexity equals effectiveness.
May 28, 20241 min read
The Termination Clause: Because Some Clients Are Not Worth Having
Be ready to invoke the termination clause. Life is too short to waste your time on clients who are not worth having.
May 23, 20241 min read
Don't Rush Through a Contract and Risk a Serious Omission
It’s ok to take time to finalize a contract – in fact, most clients worth having will be impressed that you carefully review it.
May 21, 20241 min read
Don't give HR training to independent contractors
Contractors should not be treated as employees. Otherwise, there's a risk of establishing an employee relationship.
May 16, 20241 min read
Watch Out For Limitation of Liability Clauses in Contracts
Many business owners are leery of the long sales contracts but want to be protected in case the supplier disappoints.
May 14, 20241 min read
Handshakes are not worth the paper they’re written on
If you’ve always done deals on a handshake, are you nervous knowing how litigious our culture is?
May 9, 20241 min read
Seizing Opportunities: The Importance of Timely Deal-Making
Don’t wait until it’s too late. Invest in a well-drafted founders agreement that protects your interests and provides clarity.
Feb 23, 20241 min read
Value of Hiring an Attorney for Contracts
As I mentioned in my last post, I’m not in competition with online services that provide contracts because they can’t – and don’t – give...
Feb 20, 20241 min read
Me vs. Online Services that Sell Contract Forms
How on earth can I compete with online platforms that offer contracts for a fraction of what I charge? It’s a great question. And here’s...
Feb 15, 20241 min read
Contract Mistake: Starting Work Before Contract is Signed
As a freelance consultant, "Lester" landed a significant project with a big company. Excitement took over, leading him to agree on the...
Feb 13, 20241 min read
Contract Mistake: Signing without Reading and Understanding
My client "Sandra" was looking to buy a daycare center. She signed an agreement with a business broker. This Agreement said that the...
Feb 8, 20241 min read
Contract Mistake: Not Getting It In Writing
My clients "Greg and Denise" learned this lesson the hard way. Excited to start a beer brewery with Greg's college friend, they discussed...
Feb 6, 20241 min read
Contract Mistake: Luck as a Strategy
My client "Kathy" thought she lucked out when she got an offer of a million dollars for her business. She had been in business for only a...
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