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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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Therese’s software company had a competitive advantage…until one of her employees quit and took her product source code with him…then started a competing company with it! And because Therese’s company is in California, the employment contract was not permitted to have a non-compete clause. “The mistake we made was not having specific clauses in our employment contracts regarding confidentiality and reusability,” Therese said. You think this situation does not apply to you because your company is not in California? Think again! Even in states where non-competition clauses are permitted, they must be narrowly tailored in time and geography, and have a legitimate business purpose. Continue Reading →
Entrepreneurs: If you’re intent on building your organization bigger than yourself, your plan should account for business and legal matters. I am pleased to be teaming with Talmar Anderson, of Talmar It Up, to present a seminar on the Strategies And Tactics for Business Growth. If you’re adding revenue lines, rolling out new marketing channels, or re-packaging existing offerings, you should hear what I’ve learned (as a former software entrepreneur-turned business attorney)…and what Talmar has to offer from her years of guiding small businesses. It’s on for February 15, 2017 3:15 PM – 5:00 at Make Offices Tysons 1751 Pinnacle Drive Suite 600 McLean, VA 22102 Sign up at https://www.eventbrite.com/e/strategies-tactics-for-business-growth-tickets-30667484271?aff=TA
You found the perfect site for your new dining establishment. You receive a restaurant lease that exceeds 40, even 60 pages. Now what? When negotiating lease terms, here are some key concepts any restaurant entrepreneur needs to keep in mind: 1.Percentage rent. Some leases require “percentage rent.” Once a tenant’s sales reach a certain level, the tenant must pay the landlord a percentage of the restaurant’s revenue. This isn’t always ideal, as a tenant’s success shouldn’t determine how much the Landlord receives. Nonetheless, percentage rent is fairly common. If you ultimately agree to it, negotiate the terms. 2. Exclusivity, use and radius restrictions. Try to 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.