Entering or starting a business partnership could be a daunting task. However, it could take a venture to new heights through collaboration and efficient use of resources provided by both partners. This setup could help improve business operations and management, but...
Contracts
Essential elements to include in your business contract
A business contract is a binding legal document that lays out the terms and conditions of an agreement between two parties. These contracts serve as a protective measure to ensure all parties fulfill their obligations. The strength of a business contract lies in the...
The dangers of relying on online legal document services
With the rise of virtual companies, many online document services have popped up to offer people a seemingly effortless way to handle legal forms and paperwork. Since business owners constantly look for ways to save time and money, getting business contracts from...
How can you create stronger business contracts?
As a business owner, you regularly make agreements with suppliers, clients and employees to keep your operation up and running. And one of the ways you formalize these agreements is by setting up binding legal contracts. According to NerdWallet, there are...
Take these 2 steps to help avoid contract disputes
A well-written business contract that covers all necessary bases helps reduce the risk for your Michigan business and lowers the chance of conflicts arising. However, sometimes, the contents of a contract may prove open to interpretation, leading to a potentially...
Key considerations when setting up your first contract
If you own a business in Michigan, then you have to be prepared for the countless relationships you will form with other people or businesses. You'll need to draft contracts for everything from leases and vendor agreements to employment contracts and NDAs. If you're...
What you need to know about contracts in Michigan
A contract is a legally binding agreement between two or more parties. It can be oral or written, but it is generally enforceable in a Michigan court. You can use contracts in a variety of situations, such as when you are buying a car, renting an apartment or starting...
Negotiating a sales contract in Michigan
You can work on a sale for days or even weeks; however, you may not get what you want if your negotiation strategies are not great. Anxiety, hesitation and lack of confidence make many business owners and sales reps in Michigan lose out on a good deal. If you want to...
What are the different classes of breach of contract?
As a business owner in Michigan, you often enter contracts with other businesses for supplies or services. Although you don't expect it to happen, a breach in the contract is always a possibility. Here is what you need to know about the different types of breaches....
What prospective homeowners should know about HOAs
Purchasing a home or a condo represents a significant monetary investment. It also requires investing a considerable amount of time and energy to secure the ideal dwelling. While real estate agents can speak the “language” and provide necessary insight, a little...