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Credit applications are often the lifeblood of a business, enabling them to work with vendors, other companies and customers. These legal contracts outline the terms of payment and better ensure that credit is extended to the appropriate parties. Still, one that goes...
Many great business plans wither on the vine because there needed to be more financing. It may become apparent at some point that there needs to be an infusion of capital to enable it to endeavor to meet its potential. There are different options when seeking...
Business professionals who are familiar with litigation know that going to court for a breach of contract or disagreement with an opposing party can be lengthy, costly and inefficient. Many contracts these days include an arbitration clause, which requires the parties...
Real estate with an easement is not unusual and can be an excellent investment. Still, the buyer should understand exactly how the easement affects the value before closing the sale. An easement is a legally binding agreement that allows non-owners or non-occupants...
Binding contracts are a cornerstone of every successful business. They stipulate the goods, services, delivery date, and cost. They also should include various clauses, including what happens if the customer does not pay their bill. Some go a step further in asking...
Large companies have a legal department, but businesses of every size need outside legal guidance to operate effectively. Legal representation, however, costs money, so it is always worth weighing the company's needs. There are a variety of benefits to using outside...
Businesses often prefer to avoid Chapter 11 and go into receivership because it carries fewer negative connotations and involves less administrative work. A regulator, private entity or court appoints a receiver to the businesses. Once the company goes into...
Whether opening a business, expanding it or moving it to a new location, shopping for a suitable new space is important. Once you select a space, it is time to review the landlord's commercial lease. These are often lengthy with a lot of legal jargon, but it is...
Writing a will presents challenges for most “authors.” Planning for a time when the document’s writer will be deceased is something that no one wants to face. Even though proactive steps can provide for a stable future for descendants, facing mortality can be...
New business partnerships start with the best of intentions. The partners are excited by the new endeavor's potential and likely made serious commitments to help the company live up to its potential. Part of the process is creating a business plan, which includes a...