You have met with the project owner to discuss the project in-depth and have received the contract. In addition to each clause in the agreement, you need to carefully review work-related matters. Here is what to look for regarding your work: 1. Scope of work The...
Contracts govern every aspect of businesses. Owners, employees and customers all have contractual rights and obligations. For the most part, this helps with efficiency and prevents disputes, but that isn’t always the case. Contracts can be breached in several ways....
Owning commercial property these days comes with some unavoidable risks. The economy, overall consumer trends and many other factors can leave a commercial property owner with empty spaces. Certainly, that results in a loss of income. Further, too many vacant spaces...
As you start a business, you know that you would like to work with a business partner. Maybe you are aware that you’re lacking certain skills, so you are looking for someone who can help in those areas. Maybe you just feel that you would work better as part of a small...
When a business owner signs a commercial property lease, it’s important for them to know exactly what they are responsible for. Likewise, the landlord or property owner needs to clearly understand who will be responsible for which costs. These could go far beyond...
If you go into business with one or more business partners, you have to remember their support comes at a cost – namely that of your freedom. You are now answerable to the others and cannot make decisions on a whim, so easily. It’s very unlikely you will agree on...
If you’re starting a new business, you may be considering different ways you can create stability for your workforce and protect your intellectual property. Naturally, this could lead you to the idea of noncompete agreements, which keep workers from leaving their jobs...
Non-competes are used to protect businesses from competition. A non-compete agreement generally prevents an employee from leaving a business and going to a competitor or starting a competing business for a specific amount of time. This, in theory, helps to ensure...
Legal disputes with your clients can be costly, even if you’re ultimately vindicated. Litigation can also tarnish your reputation, no matter what the outcome. Every contractor wants to avoid losing time and resources that could be better spent on improving...
Construction company owners often find themselves involved in disputes over alleged defects. The client wants something to be changed or fixed, and they don’t believe they got what they paid for. Maybe they think that the contractor was negligent or made clear...