When venturing into the world of commercial real estate, signing a lease can be one of the most significant commitments an entrepreneur makes. Unlike residential leases, commercial agreements come with their own set of complexities and negotiation nuances that, if not carefully addressed, could lead to unforeseen challenges down the line. As a business owner, it’s imperative to approach this …
Why Reviewing Your Contracts with Vendors Once a Year is Crucial to Your Business Success
As a business owner, one of the essential things you should consider is vendor management. Ensuring you work with trustworthy and reliable vendors can be a challenge. So is ensuring you have good business relationships while managing costs and timelines. That’s why it’s essential to review the contracts you have with vendors once a year. Unfortunately, businesses often overlook this …
Understanding At-Will Employment in New Mexico
As a business owner or employee in New Mexico, it’s important to understand what at-will employment means and what rights and obligations come with it. At-will employment is a common type of employment relationship where an employer can terminate an employee at any time, for any reason, and without notice. However, there are some legal limitations on at-will employment in …
The Importance of Vendor Contracts and the Role of Lawyers in Ensuring Compliance
Vendor contracts are essential legal agreements that businesses use to establish relationships with suppliers, service providers, and other external vendors. These contracts set out the terms and conditions of the relationship between the parties involved, including the scope of services, payment, deadlines, confidentiality, and legal obligations. They can also include provisions for dispute resolution, intellectual property, and warranties. As such, …
A Guide to Contractor Agreements for Business Owners
If you are a business owner, chances are you’ve heard about contractor agreements. But what exactly is a contractor agreement, and why should you know about them? In this article, we’ll take a look at the basics of contractor agreements and how they can help your business. What is a Contractor Agreement?A contractor agreement is a legally binding document that …
The Benefits of Having a Good Contract
Contracts are an essential part of any business. They provide clarity, security, and peace of mind for both parties in a transaction. A good contract can help protect you from liability and financial risk, while also helping you to realize potential opportunities. Here’s why having a good contract is so important to your business. Protecting Your Business With Legal Clarity …
How To Negotiate Win-Win Contracts
Attorney Ian Alden takes the viewers on a deep dive to discover what it takes to successfully negotiate mutual beneficial contracts. Contact Business Law Southwest today to discuss all of your business law issues. Business Law Southwest. Business law that makes business sense.
What Is Personal Liability? (And How To Avoid It)
By using LLCs, Corporations, and Insurance to your advantage, you can avoid personal liability. Forming a new business is not enough. Business owners need to engage in a daily practice of proper banking practices, utilizing insurance and proper internal policies to avoid personal liability for company obligations. This workshop is full of helpful hints to keep a business owners’ personal …
Do You Know The Top 10 Mistakes Business Owners Consistently Make?
Firm Partner Larry Donahue is teaching this informative 2- part workshop. 25 +years and thousands of clients later, Attorney Larry Donahue has been able to identify the all-too-common mistakes small business owners everywhere, in every type of business make over and over again. The good news is, once you know about these mistakes, it is easy to avoid them. Even …
Important Legal Considerations When Selling On-line.
Thinking about selling goods or services online? You should. If COVID-19 taught small businesses anything, it is the importance of an online presence in order to stay in business! Learn about the important considerations that come with selling online. From contract considerations when hiring someone to build a website, using and posting photos, cyber insurance, dealing with negative reviews to …