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How Important is an Operating Agreement for an LLC?

Posted by Zehra Mahid | Jul 16, 2019 | 0 Comments

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...

Think About Your Warranties

Posted by Zehra Mahid | Jul 11, 2019 | 0 Comments

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...

Acceleration Clauses: You Want to Know About Them

Posted by Zehra Mahid | Jul 11, 2019 | 0 Comments

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...

Why Have a Compliance with Laws section in your contract?

Posted by Zehra Mahid | Jul 11, 2019 | 0 Comments

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...

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