An independent contractor agreement is a written contract that spells out the terms of the working arrangement between a contractor and client, including a description of the services provided. An independent contractor agreement should include a statement of relationship, project description, payment and billing terms, responsibilities of each party, project timeline and deadlines, termination conditions, […]
When reaching a business agreement, you’ll need to negotiate. That is, sit down with the other parties to the agreement and work out the details of the contract. Negotiating is one dispute resolution technique that is used to try to settle contract disputes. Dispute resolution techniques such as litigation and arbitration are adversarial possesses where […]
A Commercial Transaction is an interaction between two or more parties in which goods, services or something of value is exchanged for some type of remuneration. Some aspects of commercial transactions, such as truthful representation and contract provisions, are governed by law. Attorneys in commercial transactions handle many types of transactions and support activities. Commercial […]
A severance agreement is a contract between an employer and employee documenting the rights and responsibilities of both parties in the event of job termination. The contract specifies any severance package of pay benefits and the conditions under which it will be provided or withheld. Severance agreements specify what will be provided, as well as […]
A Succession plan makes it clear who will take over the business, reducing any potential disputes between parties. If a purchase is involved, the sale price and purchase terms are clearly outlined, relieving some of the stress for the departing owner’s family. The passing of ownership from parent to child is an age-old practice. However, […]
A shareholder agreement is a contract between the company and its shareholders. Shareholders are the owners of the company. The shareholder agreement clearly delineates each party’s legal obligations and anticipates common scenarios that arise in running the day-to-day operations of a business. A shareholder agreement helps specifically define and protect shareholders’ rights and interests more […]
Mergers and acquisitions (M&A) is a general term that refers to the consolidation of companies or assets through various types of financial transactions. A merger is a process by which two companies join and one new company continues to exist. Also called a consolidation, a merger occurs when two companies combine together to form a new enterprise altogether, and […]
Litigation is the process of taking legal action. Litigation refers to a case which is or may be proceeding through the traditional court process, and not through alternative dispute resolution, such as mediation or arbitration. A litigator is a lawyer who litigates; that is, assists clients with prosecuting or defending lawsuits. Some litigators will appear […]
Commercial law, also known as trade law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It often considered to be a branch of civil law and deals with issues of both private law and public law. Business law and […]
Business licenses are permits issued by government agencies that allow individuals of companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business issued by local government. Business licenses vary. Some agencies require certain businesses to obtain a business license at the federal level. Such as companies in the […]