Tag: agreement

Protect your bottom line.Do not pick up your pen until your customer has signed the dotted line.I refer to the temptation for many artists, designers and other creatives to jump the gun and start work on a project before there's a signed contract.It isn't unreasonable to make some quick sketches to summarize original ideas as part of a preliminary conversation.But because anything done at this stage is purely speculative, it's better to limit the time spent until there's some sort of commitment by the customer...

A vast majority of businesses have possession groups of less than five people.While this provides for efficient and effective management, difficulties arise if something happens to one of the owners.If your company has multiple owners, ask yourself what happens if:· The owners can not get along?· One of you is hospitalized for an extended period?· An owner becomes divorced [and the partner is awarded half the stocks?]· An owner stops coming to work?· You wish to sell stock to a third party?· An owner passes away?· One of you wants to retire?All of these events can seriously disrupt your business, especially ownership disputes...