On August 20, a federal judge in Texas struck down the Federal Trade Commission’s (FTC) rule that would have banned noncompete agreements nationwide. This ruling has significant implications for both employers and employees across the United States. U.S. District Judge Ada Brown ruled that the FTC does not have the authority to implement a sweeping... View Article
The 2024 Paris Olympics is a remarkable showcase of athletic prowess and international unity. Gold medal athletes have reaped the rewards of their intense training, all within the confines of strict rules set by sports federations and the Olympic Committee. Similarly, for businesses to win against the competition, they must follow strict rules set out... View Article
Prohibiting nondisclosure and nondisparagement provisions from employers regarding illegal acts of discrimination, harassment, retaliation, wage and hour violations, and sexual assault.
A new ordinance is set to go into effect on September 1, 2022. On June 14, 2021, Seattle City Council moved to pass SMC 14.34 which outlines new Independent Contractor Protections (ICP). This ordinance will require covered entities to provide disclosures to independent contractors prior to signing a hiring contract and at time of payment. The new ordinance specifically outlines the following:
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
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
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
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