Most business people assume that the Indemnity clause is a legal issue to be resolved only by their lawyer. Black’s Law Dictionary (the Webster’s dictionary for lawyers) defines Indemnify – in part-…

If your business is working with an attorney on an important transaction, there are a few important tips that can help ensure you obtain a successful outcome. Consider the following…

When your company is entering into a contractual relationship with another party, it is important to set forth what will happen if there is a breach of the agreement. A…

Every business is unique and has its own legal needs. However, in my experience, four important contracts which are needed to safeguard an entity’s interests include: Non-Disclosure Agreement A non-disclosure…

Many times the most valuable asset a business has is its “idea.” That idea is the basis upon which your product/ service is successful. Whether that is an innovative product…

When you are starting a new business, it is normal to be eager to get the doors open and see your ideas put into action. However, don’t skip over one…

If you own or manage a business, you should be concerned regarding your entity’s cybersecurity. With all the recent news regarding hackers obtaining confidential information, you can bet that your customers…

Ask any experienced contracting professional to name one of the most contentious clauses in a negotiation and the answer usually includes the warranty provision. (The other contentious clauses are Limitation of Liabilities…

BRIEF REVIEW Indemnify is defined in Black’s Law Dictionary as follows:  “To make good; to compensate; to make reimbursement to one of a loss….” In an indemnity clause, one party (the “indemnitor”)…

Employers are required to pay workers a minimum wage set by law for all hours worked. If an employee is non-exempt, they must be paid suitable overtime pay right for…