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  • Contracts are essential in the business world.  Enforceable contractual agreements will hold companies or individuals legally accountable for promises to perform certain actions or payment obligations.  At the same time, mistakes can be made in preparing and executing contractual agreements.  This can result in the contract, or portions thereof, being held unenforceable, or it could lead to your business being required to do something against your intentions. Invalid Contract A contract can be deemed unenforceable […]

  • Many business owners choose to incorporate their business to avoid personal liability for the debts and liabilities of the business. When done properly, the business is a separate and distinct entity from its owners. However, if the owners are not careful with certain corporate formalities and fail to adequately capitalize the company, a third party may be able to “pierce the corporate veil,” which would shatter the protection of the corporate structure. To the extent […]

  • Arbitration Clause

    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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