How much Writing is Needed to Form a Valid Contract?
As we discussed last week, certain contracts must be in writing and it’s a good idea for all business contracts to be in writing, but, what constitutes a “written contract” under the Statute of Frauds? A valid contract can be formed on an index card or napkin or even in a string of letters or emails. Courts will look at whether the communication is from a person authorized to enter into the contract, whether there is offer and acceptance, and whether a third party could deter
What Kind Of Contract Does A Small Business Need?
Other than good insurance, a small business also needs a good form contract. This is not the place to use one your brother-in-law had the lawyer write 10 years ago for his online auto part store and you’re building high-end custom computers. Your terms and conditions should be geared toward your business and its specific risks. This is a good place to spend a few of those precious start-up bucks on a lawyer instead of hoping you found the right contract online. Some contrac
What kinds of Insurance does a Small Business need?
Often when new businesses start, the owners ask their personal insurance agent for commercial products. Sometimes, the agent is not savvy on commercial products or the company will not insure your industry. A good commercial insurance agent is a necessity for a business. It is hard to state specifically what a business needs without knowing more details, but here are the most common types of business insurance: 1. General Commercial Liability: General commercial liability i
