Business Transactions

A simple solution? Who says there’s a problem with verbal agreements? As a lawyer who has had to litigate contract cases involving verbal agreements, I say, “I do.” Do you remember playing the game “telephone” as a kid? Where you are supposed to repeat the exact phrase that the person on your left whispers into […]

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Post image for Business Law Basics: Contract Essentials

Today, I feel vindicated. I just came across Laura Bell’s post, “Business Law Basics,” which reminds me of my apartment after it’s cleaned: neat, fresh and pleasant. Her point, delivered gently, is that too many entrepreneurs do deals without having a written contract. It’s like bringing a knife to a gunfight: You may be prepared […]

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Copying contracts from the Internet is a bit like wearing your old cousin’s hand-me-down dresses . . . in order to walk into a bee’s nest (an incongruous image, I know): yes, you’re “covered,” but the style is outdated and they usually don’t fit you well. Plus, they won’t provide you with the protection you […]

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Technology is a wonderful thing – sometimes. But, as one of our clients (“Samantha”) discovered, technology can create its own pitfalls. It’s a nasty surprise when the document you thought you negotiated doesn’t say what you had intended. Last year, Samantha independently negotiated the sale of her business to a multinational, publicly traded corporation. Within […]

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Post image for Evaluating a Franchise’s Fine Print

Be sure the business you’re buying is a strong, profitable brand with an untroubled history. Picture this: It’s Day One of your business. You have a business plan. Your operations manual is in place. You know your suppliers. Your branding has already been done and the business model has been tested, so you know it’s […]

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Can you force someone to sign a confidentiality agreement after you’ve disclosed sensitive information? Or after they’ve already done the work for you? No. To use an old farm expression, that’s like “closing the barn door” after the horse is gone.” I discuss a colleague’s tale in the video, below. She was a subcontractor on […]

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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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