When you draft a contract with another business, you may want to consider a severability clause. A severability clause states that if any other provisions become unenforceable, the agreement will remain intact. Businesses should consider severability clauses when...
As a business owner, you have likely given your all to build your business from the ground up. At some point, you may realize the time has come to sell it. Whether selling for a positive change or knowing a competitor can better handle the lingering effects of...
Keeping the cost of litigation from spiraling out of control can be incredibly difficult for a business. The industry has seen an increase in associated expenses in recent years. The best defense to high spending is to try to avoid going to court. But if that is not...
Modern technology has streamlined many industries, including the legal sector. In fact, according to the American Bar Association, many law firms around the globe have implemented automation and other technologies that make them more efficient and their caseloads go...
Even though there are some signs the housing market is cooling, purchasing a new home remains an uphill climb for many buyers. To make yourself more competitive with sellers, you may want to make an all-cash offer. You even may be thinking about waiving the...
When business is going well, the next logical step is to use that upward momentum for growth and expansion. One way to quickly branch out into a new market all at once is by acquiring another business and all of its resources, but this is not a one-size-fits-all...
Having a succession plan in place is important from a business perspective due to the fact that you simply cannot predict everything that will happen in the future. If you have a good succession plan in place, you can remove the stress of figuring out what to do with...
No matter how it happens, it is inevitable that you will someday let go of your business. Perhaps your interests will change, or maybe you will be unable to continue leading the company for whatever reason. In that situation, it is important to have a successor at...
Business disputes are one thing that most business owners universally want to avoid at almost any cost. It is a lot of time, money and effort to take a case to court, after all. However, there are plenty of ways to resolve a dispute outside of court. But how is this...
For a business to succeed, many different moving parts need to align properly. However, if the foundation of the business is strong, then success and growth will come more easily. One of the best ways to start off with a strong foundation is through the creation of...