Whether you are starting up or already running, it is important to understand how to avoid inadvertently creating personal liability when contracting for your business.** Although there are some situations where personal liability is unavoidable–such as obtaining financing–there are some tips for avoiding personal liability in other situations: **Keep in mind that this is general… Continue reading Contract Tips: Avoiding Personal Liability
Although a popular practice, business owners should take care when using “Frankenforms”–documents either cobbled together from multiple sources or heavily altered commercial forms. Although cobbling together clauses from multiple forms or starting with a commercial form and tailoring it to your needs save time, it also increases the risk of unintended liabilities or consequences. Whether… Continue reading Contract Tips: Beware the Frankenform!