Categories for Contract

Do you have the tools to “do the right thing” and mitigate risks on the “people side” of the business? 

by | September 1, 2022

The people of your organization are one of the most important and one of the riskiest aspects of business. The laws are state specific, and they change frequently. Employers are held to a high legal standard and entrepreneurs often aren’t fully aware of the risks associated with employment compliance. It’s hard for business leaders to keep up, but it’s critical to do so. In this post, Equinox Business Law CEO and Founder, Michelle Bomberger looks at how the three key legal infrastructure tools can work to protect the business from employment risks.

business partners are like band members

3 must-have tools for mitigating risk for any business with multiple owners

by | August 10, 2022

While your competitors may have ownership issues bogging down their decision making, you will be able to grow together -- or to separate -- with confidence. Learn how to leverage the legal infrastructure tools – the Shareholder Agreement or Operating Agreement, key insurance policies, and a limited liability entity structure, to create strong relationships among owners and ensure the individual owners are protected from the activities of the company and from one another.

Legal Tactics for 2022 – Don’t Get Derailed

by | September 29, 2021

As we look forward to 2022, don’t overlook legal. Legal is a powerful tool to help your business gain an advantage. Businesses that incorporate legal tactics into their strategies often can proactively address challenges and leverage legal to gain an edge over their competition. Three areas that can help you gain an advantage over the... View Article

Use Your Contracts to Improve Financial Flexibility

by | April 30, 2020

We all want to close deals quickly, without strife, and with financial flexibility. However, if professional relationships are just casual, you may lose that opportunity to improve cash flow and profitability. Don’t fear the best tool in your belt: Contracts. For businesses, formalized contracts are the most important tool to secure revenue and protect assets.... View Article

Contract Obligations

What If You Can’t Fulfill Your Contract Obligations?

by | April 2, 2020

As COVID-19 continues to dictate workplace culture and operations, business owners struggle with fulfilling their contractual commitments to customers. With limited staff, facility closures, and constant uncertainty, you may find yourself asking, “What if I can’t fulfill my contract obligations?” It all comes down to prioritization – In challenging times, we need to prioritize contract... View Article

Software license agreement

The 5 Critical Elements of a Software License Agreement

by | February 3, 2020

Nearly every business will need to sign a software license agreement to purchase and receive services. Many service providers will present a “boilerplate” or “standard” agreement. Still, the truth is, there is no such thing as a standard or boilerplate software license agreement. When investing in software, business owners must understand what the contract says... View Article

Mandatory Arbitration Agreements

What Employers Need To Know About Mandatory Arbitration Agreements

by | December 10, 2019

Avoiding employee disputes and lawsuits is the goal of employers, but even effective best practices won’t reduce all risks. So how do employers avoid the inevitable cost of employee disputes and lawsuits? Enter mandatory arbitration agreements, which prevent employee disputes from going to court. These agreements are typically part of employment agreements or as separate... View Article

Closed Business

How to Close a Business… the Right Way

by | November 4, 2019

When starting a business, few business owners consider the details and consequences of closing the business. But even closing a business, if not done the right way, can get a business owner in hot water. Recently, a popular and all-inclusive wedding venue in Everett, WA suddenly closed. Engaged couples with impending nuptials are without a... View Article