For many companies, a commercial lease is one of the most critical and high-value contracts into which they’ll ever enter. While the average commercial lease term is between 3 to 5 years, these leases can run up to 10 years, plus extension periods. Unlike most other contracts that a business might sign, a commercial lease... View Article
Last month, we focused on tools you can use to increase your business’ profitability, many of which you already have available to you but which get put to the wayside in the day-to-day push to bring deals in the door. One such tool is your contracts, whether with your clients or your vendors. It’s not... View Article
Contract management is at the heart of effectively building relationships with partners; ensuring compliance with local, state, and federal laws; anticipating and eliminating potential deal delays; and increasing profitability. Not surprisingly, the importance of effective contract management cannot be overstated. And yet, it’s a process that’s paid little attention to until an issue arises. In... View Article
There is no doubt that data privacy is a hot topic in boardrooms and courtrooms across the U.S. and globally. With the privacy landscape evolving quickly and heavily publicized breaches, many businesses now see that the collection and processing of personal data are more closely governed. However, with so much attention being directed to regulatory... View Article
When businesses are caught up in the busy day-to-day of bringing sales in the door and getting client work performed, the specifics of contracts and agreements can get lost by the wayside. However, paying greater attention to the processing of contracts, as well as their substance, can prove to be a revenue generator. Join us... View Article
Similar to many industries, legal battles within the construction industry primarily consist of disputes over contract terms. Careful drafting and negotiation of your contracts is the best tool to avoid disputes because it sets expectations early and provides the tools to address them if they arise. Keep these three tips in mind when entering into... View Article
Those of us old enough to remember our very first Star Wars figure, were too young when they first arrived in stores to realize (or, care, really) what it took for them to become and remain a reality for the next 40 years, earning over $14 billion in revenue. Primarily due to George Lucas’ desire... View Article
Regardless of how careful we are, conflicts arise in business. Conflicts among owners, among employees, and with vendors and customers are common. Generally speaking, we try to resolve these conflicts quickly with minimal risk and cost but sometimes they spiral out of control. As a business owner, it’s essential that you know what tools are... View Article
On May 21, 2018, the U.S. Supreme Court ruled in Epic Systems Corp. v. Lewis that an employer may require employees to agree to take all employment-related disputes to arbitration on an individual basis, and to waive their right to participate in a class action or class arbitration. This case is a victory for employers... View Article