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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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If you want to now what it takes to enjoy entrepreneurial success, here are the fascinating results of a survey on success factors. Summary: You need 1. Ideas 2. Experience First, I agree that the importance of ideas cannot be underestimated. When an entrepreneur starts up, the only assets of the company, hence its only value, come from the ideas of the founder. But ideas are “a dime a dozen.” Your ideas will simply be discovered and used successfully by others unless you act on your ideas and you protect your ideas from being taken by others. Second, your experience in your industry is invaluable for you Continue Reading →
Yesterday I mentioned a conversation I had with Bob Cohen, CPA about America’s exceptional culture of entrepreneurism. But on July 4–the day we celebrate the birth of the United States of America–I received the latest of Gabrielle Bosché’s Facebook posts, containing a totally different viewpoint: Why Millennials Aren’t Patriotic. According Gabrielle–a Millennial herself–it seems that Millennials consider themselves “Citizens of the World,” they are concerned about the Have-Nots, and their educators have caused them to “express disappointment in who we are as a world power.” I have a solution to those concerns that Millennials have: Join me in being a champion for the cause of Continue Reading →
Part 1 of a 6 Part Series Introduction (c) Can Stock Photo It’s no secret that change is in the air. A non-politician has moved into the White House for the first time since 1952, and he promises to be distinctly different in every way from his predecessors. There are rumors of civil strife among the opposition party, while the US stock markets have soared since the election. Clearly some people are euphoric and others are pessimistic. Whom should you follow? While change often breeds uncertainty, change also brings enormous opportunity. Look back at the late 1990s when the emergence of the internet changed how 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.