Business Transactions

I have met a lot of entrepreneurs who proudly tout their one-page agreements like they have found the Holy Grail of business contracts. But that’s rarely the case. Sometimes, 1-pagers are more like Dixie® cups: inexpensive, designed for uncomplicated situations, and if you drop one on the floor, it won’t make too much of a […]

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When I first started my business, getting my website up and running was more than just a “cross this milestone off my list” experience for me. It’s also a celebration of ending over a year of playing “ostrich”.  I had run into roadblocks in getting the original site up and running, and I responded – […]

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How many times have we run afoul of film producer Samuel Goldwyn’s famous maxim: “A verbal contract isn’t worth the paper it’s written on”? (I’ve certainly done it). And yet, isn’t life nicer, simpler when you don’t have to worry about creating a paper trail? Why not just trust the people you’re doing business with? […]

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Post image for How to Lease Office Space–A Saga in 3 Parts

From the “I-couldn’t-have-said-it-more-thoroughly-myself” department, here is a series of helpful posts from Texas attorney Ryan Roberts (“The Startup Lawyer”) on the ins and outs of leasing office space (and not getting ripped off in the process). Part 1: Why much of what is in a lease is not boilerplate, despite the microscopic print. Understanding the […]

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As a lawyer, “put it in writing” is my mantra. I believe that having written agreements is sound business practice. But it’s not illegal not to have one. Without one, you simply increase your risk of getting burned . . . exponentially. (See my article “The Single Most Important Thing to Know about Verbal Agreements“. […]

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Small business owners often look at their company as their retirement plan—and they may truly believe there’s a big pot of gold waiting for them at the end when they sell their company. Yet, very often, the entrepreneur hasn’t taken the steps to get the plans in place to build to sell (and put money […]

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You’re a gun for hire. No, not in the “John-Wayne-with-spurs-clinking-down-a-tumbleweed-path” kind of gun for hire…more in the “you’re-brought-in-to-handle-the-tough-stuff” vein. For example, Epiphany, an up-and-coming clothing company based in Taos, New Mexico, needed consistent branding and attention, in order to attract the kinds of customers they wanted. They could design clothing, but designing a solid marketing […]

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The alarm goes off at 6:00am. Fifteen minutes later, coffee in hand, you walk into your office and turn on your computer. You are clad in a Boston Red Sox T-shirt, your husband’s Fruit of the Loom® boxers, and a pair of AniMules fuzzy giraffe slippers. Is this the perennial nightmare that you’ve shown up […]

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Letters of intent can be dangerous things in the wrong hands.  Also called memoranda of understanding, term sheets, or discussion sheets, a letter of intent (LOI) is a document that outlines an agreement between two or more parties before the agreement is finalized.  Kinda like a “pre-agreement agreement.”  Paradoxically, entrepreneurs often use LOIs when they […]

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We may like to think that animal training and child-rearing have nothing to do with establishing and maintaining business relationships with peers . . . but in some ways they’re not so different.  Puppies and babies and clients are like new love:  happiest when given a healthy set of boundaries and consistent expectations.  Here are […]

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