When running a business, ownership changes are inevitable as things change over time. Be it retirement, a new opportunity or otherwise, ownership change will confront a business at some point....
Selling a business can be an exciting yet challenging experience for an entrepreneur. Not only does it involve finding the right buyer, but it can also require significant legal work...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...