What exactly is an Operating Agreement? An Operating Agreement ("OA") is an agreement between business partners about how the business will be run. There are plenty of form templates available online that can serve as a frame for your particular picture. So exactly how important is an OA for sm...
By and large the most common type of agreement that all of my small business clients should be using (but far too often either aren't using or aren't reading) is a supplier agreement. Your suppliers are critical to your business. For restaurants, it may be your food and alcohol suppliers. For med...
Warranties are an important area for small business owners to think through before they (or their advertisers) put things in writing. Your warranties are your promise that you'll make things right if they happen to go wrong. Warranties set customer expectations around the costs you are willing to...
So What Exactly is an Acceleration Clause and Why Should It Matter To You? You want to know whether the contract in front of you contains an acceleration clause. Why? Because an acceleration clause allows a non-breaching party to demand full performance immediately from a breaching party. Accele...
I've got good news for freelancers who can't afford an attorney. Drafting something yourself is better than nothing. Whether your work involves web design, writing, painting, photography, wedding planning, interior design, hair and makeup services, or any other creative endeavor, there is always ...
A client recently asked me why I include a “Compliance with Laws” section in all of her company's contracts given that we're all required to comply with the law. Good question. Compliance with Laws provisions typically state that each party will comply with all applicable laws, regulations, ru...
How can you protect your business from having its confidential and proprietary information disclosed by employees and independent contractors? The best way to protect your confidential and proprietary business information from disclosure is to have your employees and contractors sign an employm...
