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 […]
This month of September, we will be addressing various issues related to operational issues for businesses. This post will give an overview of the primary sources of risk an average business is subject to as it relates to third parties. Taking a page from one of my favorite authors, C.S. Lewis, there are too equal […]
Contracts perform at least two functions: Notice and Communication: Contracts are a form of communication in which the parties state their intentions and expectations while also providing each other with notice regarding what they care about and how they are wiling to work together. Accountability: Contracts not only provide the parties with information, they also […]
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