What Entrepreneurs Can Learn from Taylor Swift (Princeton Business Law’s Version)
Our appreciation and kudos (FWIW) to pop superstar and (Kansas City Chiefs fan) Taylor Swift, for winning a record fourth album of the year Grammy award So what’s that gotta do with entrepreneurs and business owners? The case study begins with Swift’s well-known implementation of a plan to re-record several of her older albums and […]
Co-founders: Consider These Questions
If you are a business owner or founder and you have a partner or co-founder, a written agreement between you is flat-out mandatory — even if your businessmate is a spouse, a sibling, or your oldest buddy. And in our experience working with entrepreneurs, an agreement prepared by a lawyer in collaboration with the cofounders […]
When The Stakes are High, Don’t Cross the Minefield Alone
We’ve seen it again and again. A growing business gets its big break: a large company or prime contractor wants to buy its goods or services. Then the relative Goliath sends (often by DocuSign) its “standard contract,” which is long and complex but seems on its face to be benign. That “must-have contract” is actually […]
Is Your Operating Agreement Working For You or Against You?
Your operating agreement must empower and protect you in times of trouble or big success.
Avoid the Dreaded “Gotcha” With This Important Tip
What’s better than winning a lawsuit? That’s easy – never even having a lawsuit… because the people you do business with know what they are supposed to do, and they do it. Keeping clear agreements from the beginning means all parties understand their responsibilities and are more likely to treat legal arrangements with respect. And […]
When Contracts and Compliance Collide!
As important as it may sometimes be that the “Legal” department be independent from “Compliance,” there are realms in which it’s best when those two functions are full collaborative partners. One of those is the realm of contracts with third parties. That was an inescapable take-away from a session on October 5th at the SCCE’s annual Compliance and Ethics Institute: […]
A New Year’s Resolution: Improve Your Contracts
With the New Year, many of us resolve to be better organized – and leaders of growing businesses are no exception. As they plan for the year ahead, clients often tell me they would like to get more organized about how they handle their contracts with clients, vendors and subcontractors. It’s a great idea. For at least eight […]