The 6 Most Important Elements of an Asset Purchase Agreement

When it comes to asset purchase agreements, the more information and details are included, the better. This is because the asset purchase agreement serves multiple purposes, including: Describing the assets to be purchased Setting forth the terms under which the goods are transferred Laying out the rights and responsibilities of both parties Here are the 6 most important elements that need to go into Read More

6 Ways to Help Prevent Financial Abuse of the Elderly

Elder abuse takes many forms, but one of the most common is financial abuse where the elderly person’s assets are drained or at least significantly depleted by fraud, theft, and similar schemes. Many times this happens because the elderly person may no longer be keeping close track of their finances, or worse, they may be taken advantage of by others such as caregivers or contractors. Financial abuse of the elderly Read More

The Advantages and Disadvantages of Franchising

Running your own business is a cornerstone of the American Dream. Those with a unique business idea and the right amount of drive and capital tend to build their own company from the ground up, while others prefer to enter the business arena by buying into a well-established franchise. Why a Franchise? The appeal of a franchise is understandable: it allows aspiring entrepreneurs to start a new business without Read More

What are Your Capital Financing Options?

Money still doesn’t grow on trees, so if you are looking to start your business venture and you do not have a ton of capital on hand (because who does these days?), here are some options and alternatives for securing the capital you need to get your business off the ground. 1) Uncle Jim. We are serious. Many times, family and friends may have, together or individually, some spare change laying around that they Read More

An Overview of Adhesion Contracts or Clauses

Although you probably did not know it at the time, chances are you have signed at least one adhesion contract in your life. Think back to the end-user licensing agreements you have to click on each time you want to download software. Or, in some cases, your mortgage loan documents, car loan documents, or insurance contracts—these are all adhesion contracts or at least contain adhesion clauses. What is an adhesion Read More

5 Common Mistakes to Avoid When Considering Buying an Existing Business

Just like any big purchase involving four or more figures, buying an existing business should be done with a great deal of research, thought, and consideration. What are the things that people most often fail to do in this situation? Here are the top 5 mistakes: Not giving diligence its due. You’ve probably heard of the term “due diligence.” In the legal world, particularly when it comes to asset acquisition, “due Read More

4 Ways Life Insurance Companies Attempt to Deny Claims and How You Can Fight Back

Having life insurance is an important and responsible way to offer protection to your loved ones should you pass away. In most cases, claims on life insurance policies go through without any trouble. There are times, however, when life insurance companies attempt to deny claims. Understanding why they do this, and how you can figure back, can help ensure you get the money that you are entitled Read More

Employee Agreements Meant to Minimize Disputes: How Business Owners Can Use Them

A company should always be aware of the potential risks facing the business and take all necessary steps in order to minimize those risks that return. One of the best ways to do this is using employment contracts or employment agreements. These are legally binding agreements between an employee and an employer that lay out the duties of both parties and the terms of employment. These can assist a small business to Read More

Steps to Take When Another Party Breaches Your Business Contract

Business contracts are the agreements that are the life blood of entrepreneurship and small business, and even major corporations today. When another party breaches a contract, it is important to understand your rights and responsibilities so that you can take the necessary steps to protect yourself and pursue legal action, if necessary. Ensuring that you have properly drafted contracts to begin with is one of the Read More

5 Important Issues to Address in Your Partnership Agreements

When starting a business with a partner, it can be tempting to just take things a day at a time without any formal agreements. In most cases, this will go quite smoothly for a little while. At some point, however, disagreements or situations will arise that can’t be ignored. This is when having a partnership agreement in place can save you a lot of trouble. From the very start of a new partnership, an agreement Read More