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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 →
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 →
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In a quick 45-second clip here, Mark Cuban, billionaire entrepreneur and now investor, tells everyone that these are the four things he wants to hear from people who pitch him to invest in their company: 1. You’ve done your homework about him and you know what kinds of deals he is interested in. 2. You know your business and your industry better than anyone and can communicate that. 3. Your business is defensible. 4. You can make it grow. Think about the fact that you are the primary investor in your own company. Aren’t these the same things that will make your company more valuable to you? Argent Place Law, Continue Reading →
You need space for your growing business. The commercial landlord has space. Seems like a simple matchup, right? Not so much. A commercial lease is a contract between two businesses. Unlike residential leases, the law and the courts generally assume both businesses are represented by attorneys who understand the details of these kinds of contracts. So commercial leases are typically very long and complicated, and they are usually drafted by the landlord initially to be quite unfair to the entrepreneur who needs the space. It takes a lot of work to pound an initial lease proposal into something that your Continue Reading →
If you have ideas that could become the basis for a company except you need investors to help you make it a reality, progressive politics still makes your life difficult, but the world just got a tiny bit brighter. It’s all about the crowd. Here’s a weird piece in Bloomberg-Business Week online titled “SEC Lifts Ban on Hedge Fund Advertizing. Hilarity Ensues” that tells a little about the news but laced with the ever-present progressive caution. The author, Sheelah Kolhatkar, seems to think very ill of freedom, and has an extremely low opinion of the public. A more balanced article on the emergence of 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.