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 mess. However, if you step on it, the cup crushes underfoot. Think about it. There are only just so many “what ifs” that you can physically fit on a single side of 81⁄2″ x 11″ piece of paper using a reasonable font size. And what usually gets left out of the one-pager is the “elephants” – the big, huge, dark, and threatening issues that can cause enormous harm, like confidentiality and intellectual property violations. When they arise and your agreement hasn’t addressed them, it’s like an elephant stepping on a Dixie® cup. You get flattened. My friend Sarah provides public speaking training to corporate executives. She swore by her 1-page agreement until recently, when she learned that a company she…
Continue ReadingChristian Fea’s article, “First Steps to Forming a Strategic Alliance,” contains some solid advice: select someone who isn’t a direct competitor, determine your target market, find providers of compatible products and services. But he seems…
Read MoreCustomer Service 101 for Lawyers involves more than just doing legal work. It includes: Choosing clients who are the right fit for your firm’s size and expertise Keeping current, not just on law but also…
Read MoreI know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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