Contracts – What Are They Good For?

Contracts, the bedrock for business since the dawn of civilization but what are they good for? Something we generally take for granted in our modern business environment, contracts are ubiquitous in every business relationship in nearly every country in the world. Even with contracts I am sure many of our readers have experienced failed business[…]

How to Sell Your Business

How to Sell Your Business      Every business owner should have an eventual exit strategy for their business. Often this exit strategy involves selling the business or its assets when the owner decides to retire or move on. While selling a business can be straightforward and simple, there are several steps every business owner seeking to[…]

Due Diligence for Buying a Business

Due Diligence for Buying a Business       If you are on track to buying a business, be sure to exercise your due diligence as you move forward in the process. Too often does a buyer focus on price of the deal or other factors while neglecting other important aspects of a business purchase. The due[…]

Deals from Hell – What to Do

Deals from Hell – What to Do       In my practice I have rarely had a deal go completely sideways to a nightmare. But they do happen, and when they happen it can mean some sleepless nights and restless days. Taking the following steps can help you survive your business deal gone bad. Get Everything[…]

What is a Liquidated Damages Clause?

What is a Liquidated Damages Clause?      When reviewing or drafting contracts the little known liquidated damages clause comes up often in negotiations and internal discussions. Many times even experienced business persons are not completely familiar with the purpose and function of a proper liquidated damages clause. To better understand what a liquidated damages clause function[…]

Business Contracts: The Basics

Business Contracts: The Basics        Every small business will encounter some, if not many, contracts or agreements during their existence. Small business owners should enter into contracts and agreements with care. It is easy for a busy owner to casually enter into agreements, too often these owners learn the hard way. Every business[…]