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A contract specialist's main role and responsibility is to review existing vendor contracts, and to draft new vendor contracts when required, in accordance with company legal policies. Contract...
When business partners A and B enter a land contract with a third party, the critical requirement is that the agreement must be in writing. The statute of frauds requires that land agreements be...
You can never start planning your corporate Christmas party too soon. There are many decisions to be made about how, where and when, and if you wait until November to start planning you'll find...
The misconception about insider trading is that all transactions involving corporate insiders are illegal. Insiders within the corporate world who wish to trade stocks and other financial vehicles...
Corporate finance is a complex field that consists of factors that change daily such as monetary policies, derivative pricing, interest rates, and capital market fluctuations. Keeping abreast of...
For most, a corporate Christmas party is a great chance to mix genuine fun and camaraderie. However, when planning this type of function, you want to be sure that you cater to a wide variety of...
Corporate planning is not easy. The larger the corporation the higher the stakes will be. Planning at the corporate level not only involves an analysis of the past, but a focus on the future....
Corporate sponsorship is often an affordable way to create publicity for your business while helping a good cause. Typically, corporate sponsorship involves attaching a business name to a...
An S corporation is a unique type of corporation that encompasses the attributes of a regular C corporation, sole proprietorship, and partnership, and is governed by the laws of the state in which...
How you invest your money will have a profound effect on your future wealth. You need to figure out whether you want to invest in the short term or whether you want to leave your money in accounts...
If you want to start a business using a name other than your own, you may be required to file the fictitious business name you choose with your county, city or state. That filing is known as...
Navigating a Franchise Agreement can be confusing to the less experienced entrepreneur. With careful attention to detail, a bit of study and good online legal advice, potential franchisees and...
It's awful to realize that you signed on the dotted line when you shouldn't have. There are legal ways to get out of signed contracts if you meet the criteria the law allows. Most of the time, the...
While the reasons for converting an LLC to a nonprofit corporation vary widely, the most popular goal is establishing tax-exempt status with the IRS. As you begin the task of researching the...
A limited partnership is a business entity often formed of one managing general partner and a group of investors, or limited partners. Ease of setup makes this an attractive option for family...
When it comes to running a small business, a partnership can either be a dream situation or a disaster waiting to happen. Taking the time to structure a business partnership can be the key to...
Contract law is complex and can be confusing. Void agreements or contracts and voidable contracts are similar enough in name to be almost indistinguishable, but legally significant differences...
A DBA designation allows businesses to operate under a fictitious name. However, many states require any DBA to be properly registered or legally filed before business can be conducted.
There are four main ways to cancel a buyer or seller's agreement. One is to find a legal loophole that will allow you to rescind the agreement. The second way is to wait for the other party to...
Contract agreements are necessary for many different business and personal agreements and transactions. Viewing a sample contract agreement will aid you in writing and drafting a contract of your...
A statutory agent is an individual or organization whose address is used to receive official business and due process legal papers for a specific business entity. Most businesses that are...
A primary benefit of doing business via a company or corporation is to insulate yourself from personal liability for the company's financial obligations. According to attorney Shannon Miehe of...
Audit reports provide a comprehensive look at an entity's accounting procedures and financial health over a certain period of time, usually a year. Some sections of the reports speak for...
Most employers, when registering their businesses, receive an Employer Identification Number, or EIN. This number is used to identify the employer for tax purposes. When an employer signs up for...
The Performance Marketing Alliance is reporting that an advertising tax is to be proposed in Virginia. If the tax takes place, Performance Marketing Alliance believes that over 100 advertising...
In the business world, there are times when an agreement runs out but needs to be extended. In this event, you would need to write an extension of agreement for the business. This is a legally...
We live in a very litigious society. While some lawsuits are legitimate, many are frivolous and can result in excessive legal fees, wasted time, and personal financial loss.
Suing a person is straightforward; a process server delivers the papers to the person identified as the defendant or respondent in the civil complaint. Suing a corporation, however, can seem...
An injunction consists of an order from a court jurisdiction that requires a person, business or government entity to cease from continuing or doing something in the future. Injunctions are...
Articles of organization are the legal document used to create a limited liability company, or LLC. The laws in each state dictate how to write articles of organization. Although there are minor...
If you run a business from your home, many local governments require you to register your address as commercial. This is usually done through applying for an at-home business license each year, a...
Commencing a partnership is an exciting venture for any entrepreneur. Doing so ensures a further expansion of your business and alleviates some of your work load if it has grown too large. To...
Municipalities throughout the United States and Canada charge licensing fees, especially where businesses are concerned. Common municipal licenses include general business permits, licenses for...
A charter is a grant of authority to an organization or entity, the founding document outlining its purpose, goals and functions. A clear and unambiguous charter is important, as it specifies...
The legal term "bilateral agreement," also known as a "bilateral contract," is best defined by breaking down the terms into individual words, and then comparing or contrasting the resulting...
Federal withholding taxes are due on all any compensation you receive--wages, bonuses, commissions and so on. Tips and retroactive pay increases are considered compensation for income tax...
To make any purchase agreement legal it must be accompanied by a contract. A contract is a binding legal agreement between two or more people that come to terms that are agreed upon. Here is how...
As an owner or manager of a business, you may have a need for outsourcing services. An ever increasing number of business enterprises around the world are taking advantage of outsourcing. The key...
Of all the clauses commonly found in contracts, few are more important and more misunderstood than the Hold Harmless Clause. Also known as an Indemnity Agreement, the Hold Harmless Agreement has...
Buying a new car is usually a joyous time, but sometimes, even after the contract is signed, there are reasons for rescinding it. Things can happen that can cause you to want to get out of a...
Often in business, you are faced with writing a contract agreement. While it is a little more in depth than a regular contract, the form is the same.
In America there are many different ways that business entities are established. Taxes play a major role in determining how one is structured. In the case of limited partnerships and limited...
A fundamental legal element of starting your own business involves organizational issues. You need to determine what type of legal organization makes most sense for your business and for you.
When opening a home health care business, you must ensure that you are meeting all state and local rules and regulations. In many states, the first step to complying with rules is to offer proof...
Partnerships are a common form of business: Two or more people get together and try to make a little money. Over time, partners may retire, die, or simply wish to cease doing business with the...
A bailment agreement is a legally binding contract giving temporary control and/or possession of personal property by the owner of that property to another party for a mutually agreed upon, and...
As society as a whole becomes more and more litigious, it is important to fully document and report business relationships in a thorough and concise way. Knowing how to define the proper business...
Estate and financial planning go hand in hand when you have a business partner. As part of your overall business plan you need to take into consideration what will happen to your business in the...
Preparing to obtain your general contractor's license requires knowing your state's requirements for such a license and some combination of construction-related education and years working in the...
Creating a well-drafted contract is a challenging task, even for a lawyer. In a purchase and sales agreement, every word has potential legal consequences, and careless or uninformed errors could...
A good supplier agreement is not designed to win a courtroom battle. Its aim is to keep the parties out of court in the first place. A long-term agreement should be well-drafted for all...
The United States, Canada and Mexico signed the North American Free Trade Agreement during the early 1990s to reduce the restrictions on trade between them. In order to take advantage of this,...
EIN stands for Employer Identification Number. The IRS permanently assigns EINs to businesses for tax and identification purposes. Once issued, this number can be used for general business needs,...
Determining the validity of a business' license is a fairly easy process, thanks in large part to the Internet. Making a few phone calls is just as effective. A business is required, by law, to...
In today's society, there is a growing need for Architectural Expert Witnesses. What are they? And how do they serve the courts and the public? Come along, as this architect and expert witness...
A legal partnership agreement can be automatically dissolved if a partner files for bankruptcy or dies, or upon completion of a specific task related to the partnership agreement. If a partner...
Sole source contracts imply that there is one company or person that can provide the needed service to the state, according to Slippery Rock University. Construction items, supplies and services...
A $10,000 surety bond is often required to engage in commercial activity. The bond may be required under a contract to guarantee your performance, i.e., if you fail to complete the contract, the...
Forensic accounting is an accounting style used to find fraud or other problems with the accounting practices of a business or family. These frauds or other issues can often be hidden in the...
Illinois school districts encourage booster clubs and view them as a valuable resource for fundraising and other assistance for the school's activities, such as sports teams, bands and...