Construction projects open up general contractors, subcontractors and materials suppliers to a fair amount of financial risk, even with a thorough construction contract in place. As labor hours and materials costs ratchet up, contractors and suppliers need to have some recourse for recouping unpaid expenses. In Colorado, that protection comes in the form of mechanic’s […]
While construction projects vary greatly from one to the next in terms of cost and scope, there are a handful of crucial terms that should always be included in every contract to protect all parties involved. Clearly defining roles and responsibilities, as well as what to do when things don’t go as planned, is the […]
The breakneck speed of technology developments can leave businesses struggling to keep pace, and leave little time to decipher what advancements are actually beneficial to growth, stability, and efficiency. Not every innovation is going to be a game-changer. Smart contracts are one of those recent developments that aim to improve efficiency and security. In this […]
In 1970, when Congress passed the Racketeer Influenced and Corrupt Organizations Act (RICO), most Americans were familiar with the famous movie mobster Rico Bandello from the film Little Caesar, one of the first “talkies” ever made. The Act was cleverly named after the mobster and was initially used to weaken the Gambino crime family. In […]
Businesses risk a great deal when they share their trade secrets with employees or other individuals and entities—like franchises, business partners, or potential buyers. These trade secrets can be the lifeblood of a company. What happens if one of those individuals or entities walks away with a client list, a secret recipe, or a cutting-edge […]
A privacy policy outlines exactly what types of information your business is gathering from website visitors, how you plan to use the information, and how you’ll keep it private. This has become increasingly important in recent years for several reasons. First, your privacy policy helps your business build trust with customers and is a legal […]
If you’ve been doing business long enough, contracts may start to feel routine and mundane. They may be just another part of going through the motions and checking off the boxes on your day-to-day business task list. However, treating them as such can lead to some serious pitfalls that come back to haunt you and […]
If you own your business, you’re probably used to doing many projects by yourself. While this can save time and money, not everything should be a DIY endeavor, including contracts. The success and well-being of your company depend upon the strength of its contracts. Since contracts can be very complex and must take into account […]
The prospect of purchasing a business is an exciting one, filled with many potential opportunities. However, it’s crucial not to get so caught up in the excitement and possibilities that you gloss over asking the right questions you need to make the best decision. Everyone should be asking for the financials including the company’s, and […]
Business sales don’t just happen overnight. They typically require months of planning and preparation. Even if you don’t have to negotiate a price, the logistics of selling an organization can sometimes be quite burdensome and time-consuming. Having your deal fall apart right before closing is devastating, to say the very least. Months of hard work […]
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