23 Jul 2016
Letters of Intent (LOI) are used on a regular basis to spell out basic terms of an agreement prior to actually entering into a full and complete agreement. Most often we see LOIs in relation to commercial lease agreements, commercial sales agreements, and other commercial transactions. LOIs can be binding or non-binding. If they are non-binding, you have no agreement you can enforce. If the LOI is binding, a court may be able to determine and rule that your Agreement to Agree is truly a contract.
16 Jul 2016
You have built your business through your creative processes, products or systems. In the development of your business, you have hired employees to implement or sell those processes, products or systems. One of the most devastating things to your business may be, not only the departure of one of your key employees, but that the employee takes those processes, products or systems with her when she goes to work for your primary competitor – or starts her own business based upon the foundation you have laid.
10 Jul 2016
Any amount of time listening to a radio, watching television or searching for business law websites will lead you to an advertisement for Legal Zoom. A cursory review of Legal Zoom’s website may be enough to tell you how it differs from a real lawyer who provides real legal advice. The disclaimer on the bottom of the website states:
So the question becomes, when you are looking to start, grow or protect a business, would you utilize the services of a company that essentially disclaims any ability to provide you with legal services? Further review of the Legal Zoom website will tell you that for $23.99 per month you can have access to a “real” attorney. For that fixed fee, you will get, “… unlimited 30-minute consultations on new business and personal legal matters for one low monthly rate.” When I first started practicing law, I received the sage advice concerning legal fees, “You get what you pay for.”