Contract Terms Archives - Hackstaff, Snow, Atkinson & Griess, LLC

Contract Terms

Biggest Business Contract Term Pitfalls to Avoid

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 […]

Mergers and acquisitions are among the most complicated endeavors your business may be involved in. There are many reasons for this, including that you must determine the right deal structure and purchase agreement terms. The right structure and terms for your company will depend on your goals, how your company is structured, and how you want to manage […]

Mergers and acquisitions are a complex area of business and business law. As such, due diligence is of utmost importance in these transactions. Inadvertent or simple mistakes, issues, or miscommunications during the M&A process could make the entire sale go bad. You can help avoid this in your company’s M&A by preparing for due diligence and enlisting the […]

Maybe you are thinking about selling your company but aren’t ready to list it just yet. It’s crucial to note that you can significantly increase its value and the market demand in your industry by looking at it strategically.   Closing and selling a business should be a planned event whenever possible. Ideally, it would help if you could start planning the sale of your business about five years out. Planning gives you a leadership role, […]

Selling your business is a significant decision. If you decide to take this step, you want the transaction to go off without a hitch. Without planning and arming yourself with knowledge, there are bound to be some bumps in the road that could compromise a smooth and profitable process. Here are the top mistakes the business owners […]

Business partnership disputes often arise for various reasons as partners operate a company together and work together. The problem with conflicts is the strain and potential fracture they can cause in business partner relationships and their risk to the company.  Some of the most frequent reasons for Colorado partnership disputes arise from:  Breach of Fiduciary Duty  Each business partner must act in the best interests of the company. Misappropriating company monies, taking business funds that belong to the business for personal benefit, or taking any action that could hurt the monetary interests of the […]

Could your business defend itself against a lawsuit brought by an employee? Even with inclusive and positive company cultures, fair pay, and an equal opportunity employment policy, your company could still be at risk. Multiple lawsuits can arise in the workplace, although most are avoidable by using human resource strategies and employee management procedures.   The Top Five Most Common Workplace Lawsuits   […]