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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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About the Author: Michael Mort is an engineer turned business attorney for entrepreneurs. At Argent Place Law, Michael is the managing attorney among a group of entrepreneur-attorneys who are dedicated to helping entrepreneurs change the world. Entrepreneurial Organizations Can Be Successful With Remote Employees Here’s an article in Inc. Magazine about the supposed benefits of having remote employees. I’ve owned a software company where everyone came in to the office every day. Now at my law firm all of the attorneys work from everywhere. Which is better? It depends on your industry, and the type of work each person does. Obviously in your manufacturing company you cannot have laborers Continue Reading →
A common complaint from CEOs: “Lawyers slow down contract negotiations by quibbling over minutia.” It’s true. Many business lawyers lose sight of the goal: Get the deal done! On one client’s recent contract negotiations I did one back and forth with opposing counsel. It was clear we had already landed in a world of diminishing returns over adjusting the language. It was no longer about contract law, but about advising my client on the residual risks in the contract–i.e. a business decision was needed. Although the contract was not perfect for us, we jointly decided to move forward so the other side could feel like they had won something and Continue Reading →
Each State Requires a Registered Agent For Your Company In order gain limited liability as an owner of your business you must register as a Limited Liability Company or Corporation with any State where your company does business. In doing so the State will ask you for the name and office address of your Registered Agent. What is a Registered Agent? Remember that when you register your company you are creating a new “Person” in the eyes of the State. But that “person” needs to designate another person, distinct from itself, to communicate with officially, sort of like having a legal guardian. For example, 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.