Browse 15 articles tagged with Contracts.
You are about to spend six figures on a franchise. Somewhere in your inbox sits a 300-page PDF called a Franchise Disclosure Document, and a franchise development rep is asking wh…
Commission pay is common in small businesses, salespeople, project managers, recruiters, service providers, and roles where tying compensation to results makes sense. It’s also on…
Healthcare practices face an employment question that other businesses do not: every time you bring on a contractor who will touch patient information, you have two separate legal…
Most small business owners don’t think about post-employment protections until after someone has left. A key employee joins a competitor, starts their own competing business, or t…
There is no standard formula for buying out a business partner. There is whatever your operating agreement says. If it says nothing, there is whatever the two of you can negotiate…
Buying a franchise is different from buying an independent business. You're not just acquiring assets and customers. You're entering a legal relationship with a franchisor that go…
Seller financing is one of the most common ways to fund a small business acquisition. The seller agrees to receive part (or all) of the purchase price over time instead of getting…
A Letter of Intent (LOI) is the document that moves a business acquisition from "interested" to "serious." It outlines the basic terms you and the seller are agreeing to before ei…
An Asset Purchase Agreement (APA) is the legal contract that governs the sale of a business. It defines exactly what you're buying, what you're paying, and what protections each s…
“How do I actually get paid for my unpaid invoices?” I saw this question on Reddit recently, and it’s one I hear from business owners all the time. The poster wasn’t asking what t…
Transferring a business to a family member is a meaningful way to preserve your legacy and ensure the future success of your company. Whether you’re passing the torch to the next…
Receiving or sending a demand letter is often just the first step in resolving a business dispute. Whether it’s a partnership disagreement, a late payment, or a breach of contract…
Receiving a demand letter can be unsettling, especially if you’re unsure how to respond. But rather than panic, it’s important to understand what a demand letter means and how you…
When legal disputes arise, a demand letter can be an effective way to resolve the issue without going to court. But how much should you expect to pay for this service? Understandi…
Buying an existing business can be a fast way to become an owner. It can also be a fast way to inherit expensive problems if you skip the legal and financial checks. This guide gi…