Operating your new business as a sole proprietorship is certainly the easiest route to go, but it lacks certain advantages – like personal asset protection and a formality that can make it easier to obtain financing. Just the same, incorporation – with all its initial...
In business, the road to success is seldom clear or easy to travel. While partnerships can be incredibly beneficial, they also have their challenges. When unforeseen circumstances or disagreements happen, a buy-sell agreement can come to your rescue. A buy-sell...
When starting a business with a partner, one of the most important contracts that you’re going to write is your partnership agreement. This contract helps to define the roles that each of you will have within this new business. It can be tempting to skip this step and...
Any business decision features some degree of risk. Whether a company is about to hire a new executive for a major rebranding or sign a new lease for manufacturing space, there will be risks for the business inherent in the transaction in addition to the benefits the...
A government contract novation agreement is a legal transfer, by mutual consent, of the contractual rights and obligations of one party to another. Novation typically occurs when a business sells or transfers its ownership and assets to another company – or whenever...
Landing a government contract can be a very lucrative opportunity. Not only does the government buy services and products in large quantities, but the contract may last for more than one calendar year. For some businesses, getting their foot in the door with a...
Many times, when a business owner suffers as a result of a breach of contract, it’s because the other party completely fails in their obligations. For example, a business owner hires a construction company to renovate their office space. The company takes a down...
A non-compete agreement is a private contract between you and your employee that prohibits that employee from working for your competitor or starting a competing business for a certain period after leaving their position. A lot of companies consider them indispensable...
A contract serves as a means of clarifying obligations between multiple parties and formalizing business agreements. Organizations sign contracts when they hire new staff members, make arrangements with new vendors and agree to complete projects for clients. Most...
Are you considering working with government contracts but are concerned that there may not be that many options available or that there will be too much competition? Some business owners also worry that the process will be complicated and it won’t be lucrative enough...
