All commercial contracts have a number of material provisions at the end of the agreement which most people think of as “boilerplate” provisions and which most company representatives overlook when negotiating and signing the contract. Ironically, when a dispute arises, the statistics show that it is the “boilerplate” provisions that are most heavily litigated. This is because of the serious consequences that these can provisions have when a contract dispute arises. An experienced business lawyer…
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Starting a business without the capital to pay employees large salaries is a common problem in the startup world, and most founders find the answer to this problem by turning to equity compensation. Unfortunately, there are a lot of legal and financial nuances with the various types of equity compensation available to companies, and not every company handles this process perfectly, which can result in disastrous problems for the company in the future. Below are…
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A greatbusiness lawyer in Los Angeles is essential for startup companies as well as more established businesses. When you can get help in different areas of the law, you can save valuable time in your business dealings. Here are five key areas where every company needs qualified representation. Commercials TransactionsThe standard clauses at the end of contracts can lead to – and often are the main source of – major disputes down the road, which…
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Many types of contracts have an arbitration clause, but should you include one in yours? Arbitration is a type of dispute resolution that happens outside of the courtroom when two parties come to a crossroad over a contract dispute. The ruling of an arbitrator can have the same weight as the ruling of a judge. Arbitration can be either voluntary or mandatory, which comes with advantages and disadvantages. Hence, it is of utmost importance that…
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The JOBS (Jumpstart Our Business Startups) Act was passed in 2012 with the intention of making it easier for investors to fund small businesses. This legislation was largely seen as a victory for the small business community as well as for investors alike. The JOBS Act removed many SEC regulations regarding who could and could not invest in startups, in addition to when a business was required to go public. Before the passage of the…
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As the world becomes more digital, and more information is posted to websites and available to the general public, it has become necessary for state and federal government agencies to create laws governing internet privacy. Sometimes, the laws change so quickly it is impossible for even the most conscientious company to stay current on which regulations have been enacted. That is why it is imperative to have an attorney who is well versed in your…
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If you are interested in creating your own startup business, it is highly likely that you will need investors to finance your new company. Unless you are fortunate enough (and bold enough) to be able to fund your venture alone, tracking down and securing investment capital for your startup will take as much of your time, if not more, than actually forming and operating your business. Knowing what investors are looking for when they compare…
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Tough negotiations are part and parcel when it comes to buying or selling a business. All involved parties will do whatever they can to protect their interests in the deal, and all parties are responsible for taking the necessary steps to protect themselves throughout the purchase and sale process. If you are entering negotiations to buy or sell a business and approaching the phase in which you need draft the terms for an actual letter…
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When it comes to managing a business successfully, there is more to worry about than just customers and pricing. Business owners must also carefully align their organizations with state and federal laws. California especially has a long list of employment laws that, while designed to protect employees, often cause frustration or confusion among business owners. Complying with all California employment laws is critical in protecting your business and keeping yourself out of the courtroom. 2015…
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