Articles
Mirror Image Rule vs. Last Shot Rule
Depending on the industry, a certain percentage of business is conducted vis-à-vis signed contracts. However, my observation is that much of commerce is conducted by the seller submitting its quotation (with its terms of sale), the buyer submitting its purchase order (with its terms of purchase) and neither signing the...
Read MoreSelecting the “Right” Legal Counsel for Your Business
For many business owners and managers, selecting the right legal counsel can be intimidating. Many businesses, especially smaller ones, worry that the cost of working with an attorney will not be worth the benefit gained. It is important for business owners to understand that having an experienced lawyer on your side can help ensure...
Read MoreIs our Letter of Intent Binding?
Buyers and sellers often use a letter of intent (LOI) to memorialize their agreement on the key terms of a transaction. Some of the material terms that are included in the LOI are the price, closing date, due diligence terms and other important deal points. Many parties find a sense of comfort...
Read More6 Actions that Help Avoid Lawsuits
One of the most important goals in drafting a contract is to lessen the risk of your business being sued or having to sue another party. Another important goal is to safeguard your position if litigation should become necessary. Below are a few things to consider: Investigate the other party It is...
Read MoreA Summary of Essential Contract Terms – Part 2
A Summary of Essential Contract Terms – Part 2 July 2, 2015 Team BRIZZOHopefully you have read our blog titled “A Summary of Essential Contract Terms – Part 1.” This blog is a continuation of the questions that should be asked while negotiating and drafting every contract:How will notices be given?It...
Read MoreA Summary of Essential Contract Terms – Part 1
A Summary of Essential Contract Terms – Part 1 June 30, 2015 Team BRIZZOEvery industry and type of business requires its own unique contracts. However, there are certain essential terms that should be included in most every contract. Below is a simple summary of several questions you should ask in determining what types...
Read More10 Basic Steps for Creating a Strong Commercial Contract
10 Basic Steps for Creating a Strong Commercial Contract June 26, 2015 Team BRIZZOIf you’re going to enter into a contract, you want to make sure it is a strong one. Every transaction is unique, but below are a few general tips for ensuring your agreements are solid:Get it in writingAlthough...
Read MoreWhat Does “Contract Management” Consist Of?
What Does “Contract Management” Consist Of? June 22, 2015 Team BRIZZOHaving strong contracts is one of the most crucial steps to ensuring you have a successful business. Your written agreements govern not only daily operations and deadlines, but also all of the terms and conditions governing your relationship with the other party. When...
Read MoreDon’t Make Assumptions In Your Outsourcing Contracts
Don’t Make Assumptions In Your Outsourcing Contracts June 24, 2015 Team BRIZZOIt is a common mistake for users to enter into an outsourcing contract with the assumption that they will automatically be given new or updated technology during the life of the agreement. Unfortunately, unless this is specifically stated in the...
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