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Most people don’t take time to read the contracts they sign. That’s dangerous because your signature is taken for an admission that you’ve read the document. As your business grows and you begin outsource, you’ll hire a good business attorney to handle contract review and negotiations for you. Until then, you need to be responsible. Unfortunately, many contracts seem daunting because of their length and because you don’t know what to look for. So for the hurried entrepreneur who doesn’t have a lawyer, here are the seven must-read sections in contracts you are asked to sign. What are each party’s duties? When someone Continue Reading →
When you’re just beginning as an entrepreneur, you are not only the chief operating officer of your company, but you also haul your own trash and write your own contracts. While being your own trash collector might not harm you if you do it incorrectly, being your own business lawyer could eat your money unless you learn some basics about writing contracts. Here are seven things that could help you when drafting your own agreements. Start with templates. Even lawyers rarely draft contract from scratch. There are many online services that will sell you basic contract templates for $25-$75. Buy several Continue Reading →
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Thanks to Mayur Raichura for sharing this article comparing the relative advantages of youth versus experience when starting a company. But I have a different take on the controversy of ageism in entrepreneurism. The truth is that success follows neither the experienced nor the youthful, success follows those who are willing to take the risk to act on ideas. Often younger people feel like they have less to lose so they are willing to take risks. But more experienced individuals may have more resources to back them up after planning their careers just for the moment they can leave their jobs and Continue Reading →
Here are the headlines of the most read articles on Inc.com today: 3 Characteristics of Amazing Presentations 5 Reasons People Fail (& What to Do Instead) Become a Master Networker: 5 Quick Tips 8 Things Remarkably Successful People Do 9 Daily Habits That Will Make You Happier 9 People You Must Remove From You Inner Circle 10 Leadership Practices To Stop Today Do you think that if you read, study and follow these 49 tips your business will be transformed into a success? No, I don’t think so either. In fact I bet you could do exactly the opposite of every suggested action in that list and still be Continue Reading →
The Obama administration has put a number of companies in a dilemma. Let’s see what you would do. Here are the facts: 1. There is an employment law, called the WARN Act (see full description of employer mandates here), that requires companies of a certain size to notify its employees 60 days before a planned mass layoff. It is supposed to give the employees time to seek new jobs and/or retraining. It is enforced by allowing employees to sue the company in case of violation. The penalty an employer faces for failing to comply with this law can be significant. 2. Defense contractors are staring into the Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.