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contract Tagged Articles



Is There a 'Legal' Way to Get Out of a Contract?
The short answer is "Yes" -- a well-drafted contract protects the parties from a variety of situations where it is advisable for one or both parties to end the relationship [lack of payment for services rendered being the most obvious]. Of course, the "right" answer to this question often depends on which side of the table you find yourself!

Be Clear and Concise When You Hire
A client called me recently to tell me his company was growing and that he needed to re-hire some employees he had laid off at the beginning of 2009. Given his current growth and the possibility of additional expansion in 2010, he thought it was time to brush off the company's hiring letter and discuss the use of a non-disclosure agreement for key employees.

Are you fishing or hoping for a free boat ride?
This morning Joanne and I were talking to some locals on a tiny island where we’re hanging out for a few days. We saw a fishing boat come in right after a pretty violent storm. There were probably 20 guys hanging around the edges of this very small boat. No one is paid for their services – they all fish and keep track of their catch. Typically, they pay the captain and owner of the boat 2 pounds of fish per day for the privilege of fishing from his boat.

Not Every Employer or Employee Needs a Non-Compete!
It is truly rewarding to write an article which foments discussion... and it doesn't matter whether we agree or disagree, simply that we talk about something which might be important to your business. However, the end result of a non-compete discussion should not necessarily be to foist one of these agreements on every employee. Rather, it should prompt you to think through which of your long-time key employees (or new hires) are in a position to harm your business if they leave tomorrow and join or open a competing company.

Why use an interim solution to resolve the need for staff?
Bill Wynn, Managing Director of Project resource Limited highlights why employers should consider using interim staff to resolve the need for staff.
Employers: Taking on agency workers for the first time!
Bill Wynn, Managing Director of Project Resource Limited gives employers some advice on hiring agency workers for the first time.
What do I like about being a contract executive?
Sheila Hamilton, Managing Principal discusses the benefits of working as a contract executive

Preparing For Financing Accounts Receivables in Canada - AR & Contract Finance Must Knows!
Information on financing accounts receivables in Canada – How does ar and contract financing work and what are several key elements and issues business owners need to know

Negotiation- fundamentals!
We discuss the fundamentals of negotiation.

Confidentiality Agreements... Ticking Time Bombs?
How many times have you signed a new contract which included "confidentiality" or "non-disclosure" provisions and simply assumed that it was not a big deal? After all, you're a business owner with honor and integrity; you have no intention of disclosing your client's confidential and proprietary information, right? So, why worry about it? Simply sign the thing and move on to the work. Well, not so fast. Let's delve into the small print a bit and see what you just agreed to...
Creating a contract - protecting yourself and your business
In business, a well designed contract protects you from any unknown variables, much like an insurance policy. You pay for the policy, hoping that you’ll never have to use it. More specifically, a contract helps you manage and avoid potential risks. Due to the unpredictability of the business world, smart professionals create contracts to reduce any unnecessary costs and minimize all risks.

Other contract Related Articles

What\'s a Surety Bond?
A surety bond is a three-party instrument between a surety, the contractor and the project owner. The agreement binds the contractor to comply with the terms and conditions of a contract. If the contractor is unable to successfully perform the contract, the surety assumes the contractor's responsibilities and ensures that the project is completed. Below are the four types of contract bonds that may be covered by an SBA guarantee:
Can Realtors Use Joint Ventures?
When Rika and I sold houses years ago, we did well. Because we used Joint Ventures. The first house I sold, I hadn’t even seen before. Worse still, I had never even read the contract. I got buyer to help me understand the contract! We sold a lot. How?
An SEO is the next Lawyer in your life.
A brief article on SEO, pay for results search engine optimization contract, and the correlation to lawyers, and why this type of contract often does not work out well for either party.
10 Things you need to know before entering into a contract
While litigation may sometimes be your only recourse, many times it is a result of signing a bad contract or not fully examining the contract you have signed. Here are ten things to know before entering into a contract that can help protect your business and your assets:
DON’T WORRY – BE HAPPY. Entrepreneurs must ENJOY
Did you know that somewhere in the back of your mind - beneath a pile of thoughts - there is a “Happiness Contract” with a lot of small print, i.e. rules, conditions, laws, and beliefs that dictate what it will take before you'll feel happy? On closer inspection, you will also find other contracts buried in your mind like “The Success Contract” and “The Abundance Contract” and the “Love Contract.” These contracts are statements of belief which influence how much joy you think is possible and how much is just too good to be true.

The Benefits of Consumer Contract Financing Part 2
The previous article on the benefits of consumer contract financing was concluded by citing three specific benefits associated with factoring consumer contracts (ie. financing consumer receivables, retail installment contracts, consumer notes, etc.). Those three benefits were: bad debt elimination, consumer contract processing and meeting increase demand. There are many other benefits associated with consumer contract financing which will be mentioned in this article.
Features of a Marketing Agreement
A marketing agreement is a very important thing to establish when dealing with independent sales reps. This contract will protect the interest of both the manufacturer's rep and the principal. It is strongly suggested that you establish a formal contract with any sales reps that you enter into business with. The details within a contract will vary depending on the individual natures of both the sales rep and the principal, but there are several key factors that should always be included.

The Four R's of Contract Review
Recently, a client asked me about the process of reviewing a contract. What's involved? What does a lawyer do first when a client drops a contract on her desktop? How long does it take and why?

What if My Credit is Shot & I Have No Money?
When ones’ credit suffers damage, private money lenders can make a transaction possible…for a price. That, though, is a subject for another day. In the meantime, wholesaling makes it possible for a new home business to generate enough cash flow to live comfortably and, in time, save a nest egg for future purchases. The idea behind wholesaling is to bird dog great real estate investment deals, and get them into contract. Once a contract is signed and escrow opened, the wholesaler then assigns the contract to a cash buyer (another investor) who will then fix & flip it or hold it as a rental. This way everybody wins.
Real Trust Isn’t About a Contract
Trust can't be mandated and contracts don't rely on it. No contract can contain all the elements and contingencies. Trust is the only thing that can ensure that contract terms are respected and fulfilled. Read why this is so.
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