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Every contract features an implied "good faith and fair dealing" covenant. That covenant serves as a mutual promise that each party will do their best in carrying out their responsibilities as per the agreement. This clause also serves as a commitment that each party...
The contracts that you sign with your employees, suppliers and clients clarify your relationship with those parties and help protect your business. While you may do everything in your power to uphold your contractual obligations to others, not everyone will be so...
If you are interested in developing a business partnership, it’s important that you know what to look for in a good partner. A business partner is invaluable if they’re the right person for the job, so choosing the right person does matter. Business partners are...
If you have a home that you’d like to protect in your estate plan, one of the things you should consider is setting up a trust. One of the reasons for setting up a trust is to make sure that your family doesn’t have to go through probate to have access to the property...
Your supplier has stopped returning your calls after taking payment and not delivering the materials that you need. Alternatively, someone that you agreed to provide services for never paid you, but now they want to claim that you breached the contract, not them. Some...
If business is booming and your startup LLC has grown significantly, it may be time to look into converting into a corporation. There are many reasons that you may want to change your company’s structure, and doing so will help you gain the benefits of a new...
When you are starting a new business, the first thing you need to do is to decide what kind of business entity you want. Will you structure your company into an LLC? Do you want to have a corporation? Would a sole proprietorship be right for you? These are important...
When your business has gone through the trouble of negotiating, drafting and signing a business contract with another entity, it can be extremely frustrating when they don’t follow through. If they fail to uphold their side of the bargain, it can cause serious damage...
Government contracts may be something your business is interested in pursuing, and there are many factors that make these unique. For instance, you may have more bureaucracy that you have to deal with as you work with the government, and things can take time. The...
Contracts are essential to ensuring smooth business operations. They help define the rights and responsibilities of each party and can make each party’s expectations clear. However, a contract is only as good as the information it contains. If you use a pre-printed...
