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The Difference between AIG Small Businesses
Random thoughts on life and entrepreneurship.
How To Reduce Your Cash Flow Problems and Get Paid On Time
How often do you hear business owners complain that their clients are 'slow payers?' Before working with me, one of my clients who has a pool building business, told me that they only asked for a 10% deposit at the start of the project and then invoiced the balance at the end of it. The process of building a pool takes weeks! In the meantime her company would have to cover wages, equipment and all other costs throughout this time. What often happened at the end, the clients were slow to pay causing them even more financial stress.

4th Quarter: Selling in the Profit Zone
Where's the profit zone? Your company has covered its fixed costs for the year and is now selling in the profit zone! Yet company planning, personnel decisions and holidays monopolize the last 65 selling days of the year. The focus should be on realizing your true revenue potential in the last quarter of this year. This is where the profit gold lies.

What is the Franchise Ufocs Role
Learn more about the UFOC before buying a franchise. Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information that the franchisor must present before any agreements are signed.
The Franchise Timeline
Guidelines for how long it should take to open a new franchise. Susan, a bright, energetic and make believe person, has decided to become a business owner by buying a franchise. She understands that there are many steps to the process and asks me how long it will take before she will be able to open the doors to her business. Figuring she wouldn’t be satisfied if I told her that it could take anywhere from several months to a year or longer, more or less, I came up with the following timeline.

Other contractual agreement Related Articles

Negotiating and Closing the Partnership Agreement
After the partner development work has been completed, and before the revenue starts rolling in, agreements that formalize a relationship between parties must be completed. If you have completed the last step in the partner development process—the technical due diligence—then this is a natural outcome. Believe it or not, fatal mistakes (the kind that cost you the company) are rarely made at the agreement phase. They are simply the most visible and costly. This article identifies the typical process followed to create an agreement, the players, their roles and tips on accelerating the agreement phase.
Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Sample Non Disclosure Agreement
An intermediary should always sign a confidentiality or non-disclosure agreement (NDA). It is a 1 to 5 page document that acknowledges you have sensitive information that if released could harm your business and it should not be shared. Venture capitalists, however, will not normally sign a confidentiality agreement. They see so many companies in the same industry that they cannot sign one agreement and risk not being able to invest in other potential good deals.
Technology Contracts – How to Address Development, Protection and Licensing
Rapid growth in the computer technology sectors, specifically Internet and related software and network technologies, have presented an increasingly complex set of issues for business owners and their lawyers. Negotiating appropriate contractual protection is a key practice used by successful companies to maximize the potential value of the transaction while minimizing its inherent costs and risks. What is “appropriate” for any given set of circumstances will depend on the interplay of the company’s strategic vision, the tactical allocation of resources and operational issues encountered. This article addresses procedures for dealing with issues that arise in defining the scope of an Agreement
What is the Franchise Ufocs Role
Learn more about the UFOC before buying a franchise. Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information that the franchisor must present before any agreements are signed.
Franchise Agreements The Basics
What you need to look for when you want to start a franchise and are ready to sign the franchise agreement. So you’ve taken all the appropriate steps; you’ve researched, asked questions, found out about the competition, scouted locations and lined everything up. Now it’s time to sit down and sign the franchise agreement. But before you do, there are several things you need to know. The franchise agreement will be the bedrock of your business, and success (or failure) may lie somewhere inside all those conditions and terms. A smart franchisee will read the franchise agreement very carefully, making sure they understand everything within it. Here are some of the most commonly misunderstood or potential problematic areas you need to be aware of:

Communication Categories - Which one are you
There is more to communication skills than just listening. Have you been in a meeting and there is an agreement on an issue but the person in agreement is saying yes yet has their hands folded and is nodding slightly? Or maybe you have not seen this because you are not aware of non verbal communication.
Opposing a Franchisor’s Motion for a Preliminary Injunction Against a Franchisee
When a franchisee opposes a franchisor’s motion for a preliminary injunction, the court should be made aware of the unique situation of this contractual relationship concerning the franchise agreement.

When selling a business - What is a Seller Earn Out?
An earn out is a kind of payment agreement that is often used in seller financing. With an earn out agreement, the seller usually receives part of the total purchase price upfront, and the additional funds in a certain duration of time. The terms of an earn out are usually included in the sales contract. The earn out may also be structured in many ways. Earn outs are usually complicated and legal consult is required to ensure that both parties are well served equally by the said agreement. The seller earn out may be used as the seller financed portion or perhaps an addition a seller note.

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