March 30, 2020
More and more, courts are agreeing that email is a perfectly fine way to create a contract . . . or modify one you already have. This 2008 case from New York, as reported by Brian Beckham, indicates that New York has certainly gotten on that bandwagon. “It’s about time,” some of you may say. “Why bother with lengthy legal documents? Just let the parties work it all out.” Here’s the problem: business owners may treat their email communications more casually than they would a printed letter. As a result, you could find that you’ve created a legally binding agreement (because you’ve agreed to all the most basic legal terms) without having worked out enough details in the deal to protect you in the event it goes sour. So where are you then? Stuck (quite possibly). One way to prevent this is to confirm that whatever the basic business terms you agree to (price, when paid, other contributions), they will “be subject to successful negotiation of a mutually acceptable written agreement.” Or, to include special…
Continue ReadingWell, are you? Years ago, when I worked for other law firms, I would routinely come into work on Thanksgiving Friday. I actually enjoyed being in the office Thanksgiving Friday. There was a quiet hush…
Read MoreRead entrepreneur Scott Ellis’s article — top 7 tips on strategic alliances for small business, from someone whose previous corporate job was managing strategic alliances. Want to learn more about Kaufman Business Law? This is…
Read MoreThis tragic story of insufficient planning is just another example from the Department of Not-Beginning-With-The-End-In-Mind. So many entrepreneurs get all “over the moon” about getting launched and off the ground that they ignore thoughts about…
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