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Navigating Commercial Leases: Top 5 Considerations for Entrepreneurs and Business Owners

In Business Tips, Contracts by Kristy DonahueLeave a Comment

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 …

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Why Reviewing Your Contracts with Vendors Once a Year is Crucial to Your Business Success

In Contracts by Larry DonahueLeave a Comment

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 …

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Understanding At-Will Employment in New Mexico 

In Contracts, Employment Contract, Employment Law by Gage AndersonLeave a Comment

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 …

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The Importance of Vendor Contracts and the Role of Lawyers in Ensuring Compliance 

In Contracts by Gage AndersonLeave a Comment

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, …

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How to Buy into a Partnership: What You Need to Know

In Partnerships by Larry DonahueLeave a Comment

Buying into a partnership can be an exciting venture, but it is important to understand the legalities of doing so. It is strongly recommended that you hire an attorney with expertise in business and contract law in order to make sure that all of the necessary steps are taken in order for you to have a successful buy-in. Here are …

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The Benefits of Having a Good Contract

In Business Tips, Contracts by Larry DonahueLeave a Comment

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 …

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6 Traps to Avoid When Starting a Business

In Business Tips by Kristy DonahueLeave a Comment

Attorney Ian Alden hosts this informative workshop that anyone starting a business should view. From the pitfalls that come from negotiating bad leases, to forming your company incorrectly, Ian’s advice just might keep your business, in business! Watch the video here. Contact  Business Law Southwest today to discuss all of your business law issues. Business Law Southwest. Business law that makes business sense.