Important Lessons on Avoiding Common Pitfalls in Contract Drafting

Two people are doing corrupt behavior, they are mutual business partners and are signing contracts to receive bribes for mutual benefit. The concept of business fraud and bribery is illegal.

Correctly drafting contracts is vital for any business.  It provides the groundwork for solidifying agreements and outlining the responsibilities and entitlements of all parties. Unfortunately, the complexity of drafting contracts can result in mistakes that jeopardize the enforceability and legitimacy of the agreement. Following are the most common pitfalls in contract drafting and how to…

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Is Now the Ideal Time to Start Your Law Practice?

labels for legal folders marked patent copyright and trademark

The field of law is ripe with fulfilling career opportunities for people passionate about justice. However, given the many changes society is undergoing at the moment, you may be wondering if now is a good time to start your law practice journey. If you’re truly committed to pursuing a career as a lawyer, it’s vital…

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7 Legal Risks of Doing Business Online

If you have an idea for a service or a product, you can start an online business. With modern technology, starting a business has never been easier… The web eliminates the immediate need for a storefront, you can easily promote—and for a reasonable price—on social media sites such as Facebook or Twitter, and you’ll be…

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When Does Your Startup Need a Legal Department?

After years of working with different law firms on a variety of business matters, it was time to stop and ask myself: Just how many lawyers does it take before hiring one in-house? I didn’t keep an exact count, but I knew when I’d arrived at my breaking point. The costs and headaches associated with…

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Franchise Health: How to Get a True Read

Investing in a franchise is no small commitment. Depending on the longevity and brand recognition, the initial franchise fee could be anywhere from $10,000-$50,000 for a single unit. Add that to the initial start-up cost and your financial investment could be upwards of several hundred thousand dollars. Bottom line: That’s a substantial financial commitment. In…

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