April 11, 2014
Unless you’re working with microscopic font sizes, if you’re involved in a transaction of any consequence (and by that I mean consequence to you, not consequence to the national debt), I weigh in on the side of “fiction.” Every time I’m handed a “short-form” agreement–like the eight-page partnership agreement a business owner (a lawyer!) asked me to review–I’m able to spot the glaring omissions where the business owner is vulnerable to a likely disaster. It makes me cringe. I want to be of service but, like the reaction to ancient Cassandra, entrepreneurs don’t want to hear the message. Here’s the scoop. Short-form agreements tend to focus only on the immediate business terms: What will you pay, what will they provide, what if you need to make changes. S-o-m-e-t-i-m-e-s, agreements will add in a tidbit about where you’ll resolve disputes. But they don’t cover the broader, harder-to-quantify issues such as confidentiality, intellectual property or indemnification (where the other side will step in to defend you if their actions embroil you in a lawsuit with others). Now I…
Continue ReadingWomen-owned companies that need help with small business need look no further than software engineer Laurie Simon and her Kirkland, Washington Ombrella Consulting. I had the pleasure of encountering Laurie because she beat me. 🙂 No,…
Read More“I. Don’t. Have. Time. To. Grow. My. Business,” said Mark through clenched teeth. I could hear the frustration in the clipped tones. The resentment. The weariness. Trying to keep a lid on it all. And…
Read MoreAny time you accept money from someone else to help your business grow, you should put that relationship in writing. Many a lawsuit has been brought because of misunderstandings about (1) how much would be…
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