Business contracts establish more than what each party has agreed to do. A good contract should also address what happens when something goes wrong — and who may be responsible for the resulting costs. That is where an indemnification clause comes in. ...
When you buy or sell a business, real estate, equipment, or another significant asset, agreeing on the price is only part of the deal. The parties also need to agree on exactly what is being purchased, what each side is responsible for, what must happen before...
Buying commercial real estate can be an important investment for a business. You may be purchasing a building for your company's operations, acquiring property as an investment, or buying land for future development. Whatever the reason, there is more to consider than...
One of the first decisions you'll make as a business owner is also one of the most important. Starting a business is exciting, but before you can hire employees, sign contracts, or open a business bank account, you'll need to decide how your business will be...
Buying a business is more than buying assets. You're buying the opportunities and the risks that come with them. Buying an existing business can be an exciting opportunity. An established customer base, experienced employees, existing contracts, and immediate cash...
Most business owners sign contracts all the time — with customers, vendors, partners, and employees. But very few take the time to understand what those contracts actually say or what happens if something goes wrong. A contract is more than a formality. It defines...