When a person or entity (“Lender”) loans money to another person or entity (“Borrower”), the loan is typically formalized with a promissory note. A secured promissory note (on demand) is a written promise in which the borrower has pledged some asset as collateral for repayment to the Lender. In an on-demand promissory note, the Borrower promises to repay… Read More »
An agreement, signed by an individual, containing a provision prohibiting that individual from soliciting a former employer’s customers or clients which is treated as a non-compete agreement. Therefore, these non-solicitation agreements must meet the requirements necessary to non-compete covenants, generally, to be enforceable. If the prospective employee wishes for additional provisions/conditions to be included, the time to negotiate… Read More »
The business arena in America operates on a daily assortment of legal forms. There are more legal forms in use in American business than are used in the operations and government of many foreign countries. The business corporation is not immune to this flood of legal forms. Indeed the operation of a corporation, in general, requires more legal… Read More »
The third crucial part of your initial Business Plan entails how your business will obtain enough money to actually survive until it is successful. The failure of many small businesses relates directly to underestimating the amount of money needed to start and continue the business. Most business owners can, with relative ease, estimate the amount of money needed… Read More »
An integral part of the process of starting a business is preparing a Marketing Plan. Whether the business will provide a service or sell a product, it will need customers in some form. Who those customers are, how they will be identified and located, and how they will be attracted to the business are crucial to the success… Read More »
One of the most important and often overlooked aspects of starting a business is the process of preparing a Business Plan. It is through preparation of a formal business plan than you begin the process of refining what your business will actually be and, more importantly, how you can make it successful from the start. To develop a… Read More »
One of the first decisions that potential business owners must confront is how their busi¬ness should be structured and operated. This crucial decision must be made even before the business has actually begun operations. The legal documents that will generally accompany the formation of a business can follow many different patterns, depending on the particular situation and the… Read More »
A Waiver or Assumption of Risk form is a document generally used by a business to inform a customer of the risks involved with a certain activity. By signing the form, the customer agrees to assume the risk of the activity and to waive any right to file a claim in the event of injury or other harm.… Read More »
Depending on the state you are in, a Divorce Petition is also known as Divorce Complaint, Petition for Dissolution and Complaint for Divorce. No matter what it is called, it is one of the initial documents that is filed with the the court by which a request is made to end the marriage between two people. Among other… Read More »
A Commercial Lease Agreement is a type of lease designed to be used when leasing property used primarily for a business. This type of lease also covers items such as security deposits, taxes, expenses, obligations for repairs, construction of the premises to be leased and more. This type of lease is also sometimes called Business Lease. Definition of… Read More »