Good contracts are crucial in business. Poorly made ones make it more likely you end up in a costly contract dispute. If you get to court, the judge will look at the contract's validity. Here are some things they will check before deciding whether there is anything...
4 kinds of contract breaches
A contract lets you know you and another party have a legally-binding arrangement that should be followed to the letter. This could mean one party is providing a product or service to the other or there’s a transfer of property, for example. Contracts usually specify...
3 tips for negotiating an effective partnership contract
A contract is the foundation of any business partnership. With the right approach, you can negotiate a fair partnership contract that addresses the interests of all the parties involved. But what does it take to negotiate an effective partnership contract? Like with...
What you should know if you’re bringing in fractional employees
If you’re starting a business or making some big changes in an established business, you may want to consider hiring some fractional employees. If you’re going to bring in these employees, it’s good to have a fractional hiring plan. But first, let’s look at what...
Are you sure you’re reading your business contracts correctly?
Contracts are often the backbone of Fort Lauderdale businesses, but they can be hard to comprehend. Those without a legal background generally find contracts uninteresting but a necessary part of the business world. You might not be able to cultivate more interest in...
How might your contract lead to a contract dispute?
A contract dispute comes down to arguing about words on a page. If you have ever sent a well-intentioned email or text message, only to find someone taking it the wrong way, you will know the problems that words can cause. Contracts have far more words than messages...
Should you settle your contract dispute outside of court?
Contracts help to minimize the conflicts your business has with vendors, customers, clients or employees. When everyone knows what to expect as well as the consequences of non-performance, all parties will typically make good on their obligations to each other....
What should you consider when you’re selling your company?
For some business owners, the company they’re currently growing is a springboard to other things. If the time comes when you decide you want to sell your business, you should ensure that you’re prepared for what the sale will entail. There are several things that...
The right language can help avoid contract disputes
In business, you are going to have contracts that you need to sign. The problem is that many contracts are hard to understand. When you set up a contract, you want it to be as easy to understand as possible. Using legalese may be necessary in some cases, but in most,...
What is at stake in a contract dispute?
If you are in business long enough, at some point, you will encounter a contract dispute. Understanding what is at stake can help you make the right decisions about how to handle it. If someone lets you down, you might feel upset and want to react straight away. Yet...