legal

Tag: legal

Pitfalls to Avoid When Growing Your Business

A strong economy drives business growth. I think most of us can agree on that. Growth is usually good… But if it is not controlled growth, it simply will not be sustainable. In this blog, Pitfalls to Avoid When Growing Your Business, I outline several pitfalls to avoid when growing your business (especially in a

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Protect Yourself: A Guide to Non-Compete Agreements

Oftentimes, businesses see their competitors as their biggest threat. But what if your star quality team continues to leave to join your competitor’s team? That is, in my opinion, the bigger threat. You have already invested in hiring, training, coaching, and developing those individuals. Then, they leave and directly compete against you. We see this

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General Counsel on the Board

See Also: Ten In-House Secrets for Reducing Your Company’s Legal Costs Red Herring Board of Directors Benefits of an Advisory Board How to Form an Advisory Board General Counsel on the Board It was once far more common for Boards of Directors to include a lawyer who doubled as general counsel. Some boards still engage

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How to Manage your Lawyer

Manage Your Lawyer Communication is a prerequisite for hiring a lawyer! Before a company and a lawyer can effectively begin dealing with one another on legal issues, they must be in communication with one another as to both parties’ goals and expectations. Either a lack of or breakdown in communications causes an inordinate amount of disputes

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Ten In-house Secrets For Reducing Your Company’s Legal Costs

See Also: Tips on How to Manage Your Lawyer What Relationship Should the General Counsel Have With the Board How to Keep Your Corporate Veil Closed Corporate Veil Sunk Costs Bankruptcy Costs Ten In-house Secrets For Reducing Your Company’s Legal Costs ‘General Counsel,’ or “Chief Legal Officer,” is the job title of the lawyer who

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Service Department

See Also: Administration Expenses Outsource Definition Advantages of PEO Services for the Business Owner Sunk Costs Joint Costs Service Department Definition Many companies require support activities as well as core activities to produce their goods and/or services. Support services, or a service department, do not contribute directly to the production of goods or the providing

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Red Herring Definition

See Also: Ten In-House Secrets for Reducing Your Company’s Legal Costs Board of Directors Benefits of an Advisory Board How to Form an Advisory Board Why is Intellectual Property Risk Everybody’s Problem Red Herring Definition The red herring definition, or preliminary prospectus, is a legal document that must be submitted to the SEC for approval

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Progress Billing Example

Find a progress billing example below. Progress Billing Example UNCONDITIONAL FINAL WAIVER AND RELEASE OF LIENS AND CLAIMS OWNER: Business X, LLC. PROJECT NAME: PRIORITY MANAGEMENT For and in exchange of the sum of $, the sufficiency of which is hereby acknowledged, the undersigned Contractor, subcontractor, consultant, materialmen or laborer (hereinafter the “Undersigned”) warrants and

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Maintenance Contract

See Also: Progress Billing for a General Contractor Completed Contract Method Covenant Definition of a Bond Contract How to Maintain an Effective Job Schedule Accounting Cycle Maintenance Contract Definition A maintenance contract, defined as the contract between 2 parties which creates the agreement that one party will maintain an asset owned by another party, is

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Lease Agreements

Lease Agreements A lease agreement is a legal contract between two parties for the usage of an asset or property over a set period of time in exchange for rent payments. The owner of the asset or property allows another party to use the asset or property for payments. Often a lease agreement includes an

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Keep Your Corporate Veil Closed

See Also: Ten In-House Secrets for Reducing Your Company’s Legal Costs Secrets of Successful Out of Court Debt Restructures Tips on How to Manage your Lawyer Relationship With Your Lender Debtor in Possession Corporate Veil How to Keep Your Corporate Veil Closed The State of Texas has long prided itself in being a very corporate

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Hold Harmless

See Also: Blue Sky Laws Tips on How to Manage your Lawyer Theory of Constraints Trade Credit Compliance  Audit Hold Harmless Hold harmless, defined as a clause which defines both parties as not responsible for any loss, damage, and other issue from a contract, is common in the business world. A hold harmless indemnity agreement is used

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