Category Archives: Contract

Don’t Zoom Through Legal Decisions for Your Business

Starting a business is a complex process where business relationships, partnerships, legal and tax issues must be taken into account.

When two or more people enter into a business relationship, they each bring their own unique talents, resources, ideas, and needs to bear. Having these different aspects in a business is critical to its success, but...
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Five Tips Before Signing a Contract

Many business owners sign contracts without thinking twice. They order supplies, contract. They hire a subcontractor, contract. They lease a vehicle, contract. They provide a service, contract. They rent office space, contract. Contracts are taken for granted every day, and business owners frequently underestimate the ramifications of the documents that they sign. Why? Because typically the...
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Would You Sell Your Company for $2.3 Billion?

If you are Men’s Wearhouse, Inc, the answer is a big fat NO!  Earlier this week, rival company Jos. A. Bank Clothiers, Inc. offered Men’s Wearhouse $2.3 billion to buy them out.  Men’s Wearhouse quickly responded with a resounding rejection.  Check out this article from Reuters.com entitled “Jos. A....
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Virginia Buy-Sell Agreement – Valuation Methods

One of the most important considerations in a Buy-Sell Agreement is the valuation method to determine the price at which a business owner may, or is required, to purchase the departing owner’s interest.  There are three basic options for valuing your business in a Buy-Sell Agreement: (1) fixed price, (2) formula, or (3) appraisal. Fixed Price...
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