5 Warning Signs Your Prime’s Going to Cut You Out of The Deal
Doing business and creating strategic alliances in the realm of government contracts can be a considerable investment when pouring substantial resources into the bid and proposal stage. So, when a Prime decides to either decline awarding a subcontract or terminate one before the sub can recoup their costs, it can be devastating. Unfortunately, as an […]
Contract Time Bomb #3: The Arbitration Clause
This is the third and final article in the series “Contract Time Bombs,” where I address common contract terms that could leave your company financially and legally exposed. These articles address where they are, what they mean, and ways to help fix them. Be sure to check out the previous articles Contract Time Bomb #1: The […]
Contract Time Bomb #2: The Indemnification Clause
This is the second article in the series entitled “Contract Time Bombs,” where I will address common contract terms that could leave your company financially and legally exposed. I will address where they are, what they mean, and ways to help fix them. Check out the first article Contract Time Bomb #1: The Severability Clause. Today, […]
Contract Time Bomb #1: The Severability Clause
This is the first article in the series entitled “Contract Time Bombs,” where I will address common contract terms that could leave your company financially and legally exposed. I will address where they are, what they mean, and ways to help fix them. Pull out any of your standard contracts and you will see this clause. […]
Why Trademarks are Crucial to Your Domain Name
There’s so much to learn about trademarks and how they play an important role in our business’ marketing efforts. But one of the first things you should do for your business before buying your domain, is to make sure your company’s ideal domain is not already trademarked for similar goods and services. If another business […]
Employee Non-Compete Agreements: Bad Idea? Maybe
Every business owner thinks that their company is the best out there, just like every parent thinks that their kid is the coolest kid that ever existed. This is good. The love we have for our “babies” keeps entrepreneurs plugging away, creating jobs, and making the U.S. great, and it keeps parents from inflicting major […]
Why You Should Fear Employee Lawsuits
If I had a dollar for every conversation I’ve had with small business owners where they proceeded to tell me how their employees would NEVER sue them, I’d be a rich woman. Well, maybe not rich, but I’d have a nice little stash for an overdue vacation somewhere far, breezy, and secluded. I understand we […]
4 Tips When Dealing with Constructive Changes
Generally, contractors only get paid for additional goods and services furnished under a government contract if there is a valid modification to that contract. So what happens when a contractor provides an additional benefit to the government that was not included in the contract, and there was no modification to the contract to support this […]
Tips for Reviewing Your Lawyer’s Bill
There aren’t many experiences quite like opening a lawyer’s bill for $20,000 (or more) for the very first time. And to add insult to injury, that’s for only about 40 hours worth of work. Once you get past that initial sticker-shock, here are a few tips to help you as you review the bill and hopefully […]
How to Read Contracts (and Everything Else) Like a Lawyer
Scrutinizing contracts, legal documents, or actually anything that exceeds 200 words can be daunting. Heck, I read all day long, and I still get this dreadful ache in the pit of my stomach before I embark on reading anything longer than two pages. But here’s the thing–it’s a painful exercise, but you just have to […]