Business Law Insights: Stay Informed, Stay Ahead
Blog
Small Business Workshop
On April 12, 2021, Framingham’s Planning and Community Development Office is hosting a small business workshop. I, along with others, will be discussing how we can assist your business. My focus will be on why you need a lawyer on day-to-day issues, disputes with...
Succession Planning 2.0
Last June, I wrote that every business owner must have a succession plan. A business owner must have a plan in place to keep the business running. Not ‘should,’ not ‘think about having one,’ but must. In fact, the New York Times just wrote an article about succession...
Terms & Conditions – UPDATED
Back in April 2019, I wrote a blog on Terms and Conditions. I wrote, “Your terms and conditions set out your policies, how you deal with private information, warranty information, liability, and anything else you specifically want the user to know. This is a positive...
When Deals Go Wrong
I have always counseled my clients that any deal should always be put into writing. No matter the deal's size or how friendly you are with the other party, a simple contract will alleviate any confusion. You never want to complete the deal and then have the parties...
Should I Include An Arbitration Clause In My Contracts?
I prepare many contracts, and one reoccurring question my clients have is about the arbitration clause. An arbitration clause essentially states that if there is any dispute among the parties, they will go to arbitration instead of suing one another. The question is:...
Always Get That Debt in Writing.
If you have ever taken out a loan, you know the paperwork involved. If it is a mortgage, there is even more paperwork. All that paperwork is to ensure that if you fail to pay back the borrowed money, the entity that loaned you money can get its money back. Think the...
Simplicity is Key
With contracts, agreements, and all legal documents, simplicity is vital. People tend to overcomplicate documents because they believe the more words, the better. I think that some lawyers get paid by the word and pack them into every agreement just to make the client...
Succession Planning
Every business owner should have a succession plan in place. Especially with the recent COVID-19 pandemic, the business owner should rethink how they would handle an end-of-business situation (e.g., you cannot work due to disability, illness, or death.) A business...
Preparing to Reopen your Business
With the governor’s long-awaited plan to finally allow businesses to reopen, you should give some thought to how your business will reopen. I am borrowing my friend’s (Brian Kilcoyne of H&K Insurance) lists to detail how to reopen your business. These lists have a lot...