Updating contracts is important. It is an ongoing task your company should be sure to pay attention to. What is a Contract? A contract is a legal instrument where two or more people or entities agree to exchange something or service of value. You can find more on what a contract is here. Contracts have […]
Contracts – The Statute of Frauds
When dealing with contract issues, the first question your attorney will probably ask is: did you get it in writing? The attorney isn’t asking to make her job easier. The attorney is asking because of a concept known as the statute of frauds. Generally, oral and written contracts are equally enforceable, but there are exceptions […]
What’s In An Operating Agreement
First off, an Operating Agreement is the controlling document for the members of a Limited Liability Company (LLC). The instructions contained within the Operating Agreement determine how the business is run, how much earnings a member gets, what rights and responsibilities the members have, and much more. This article will only outline the most common […]