If you have even a remote interest in college basketball, you know the name John Wooden. In a society in which superlatives such as ”superstar” and ”awesome” are thrown around with such reckless abandon as to deprive them of meaning, John Wooden… Read More
Blog
-
Marketing Momentum in the New Year
We all know the resolution drill. The new year marks the welcome of new beginnings and a commitment to resolutions focused toward adopting healthier lifestyles. Come the new year, gyms and fitness clubs across the country will be filled with… Read More
-
Facebook and Fish Gills: The “Working” Part of Social Networking
Not long ago, I was on a plane, giving some serious thought to the business applications of Facebook, MySpace, LinkedIn, and Twitter. I was thinking about business, but the subject I kept returning to was fish gills. It was my 12th grade… Read More
-
Inventory Control Means Value at the Time of the Sale
The Letter of Intent (“LOI”) set the price at $22,000,000. The Asset Purchase Agreement, known as the “APA”, executed just six weeks later set the price at $21,750,000. At closing, the purchaser wound up paying $20,200,000. The sole reason for… Read More
-
What To Do Before Adding Or Removing a Principal
The addition or removal of a principal in any business, especially one with fewer than 500 employees, is one of the most important events in a company’s development. How well it is accomplished, both from a moral and a financial perspective,… Read More
-
3 Mistakes Companies Make When Signing Contracts
While I’m sure you have worked with your fair of contracts, you may not be familiar with some of the major mistakes companies make when signing them. Mistakes that cost money and time, and which can be the cause of… Read More
-
How to Avoid Getting Crushed by a Contract
If you’re a growing business, the chances are that you’ve signed a contract for the provision of information services. We’ve seen these contracts in all varieties, ranging from database access for real estate listing information to medical research. Despite the… Read More
-
Where Getting Paid and Contracts Meet
Within a period of days, two contracts crossed my desk containing nearly identical terms: “Payment will be rendered within ten (10) days of completion of the Vendor’s scope of work to the Company’s satisfaction.” The problem is that satisfaction is… Read More
-
Where Marketing and Contracts Meet
I’m often asked to review contracts my clients are about to sign to help them evaluate risks – including the contracts they plan on sending to their own customers. While wading through the legalese (and, believe me, even lawyers’ eyes… Read More
-
(Is it Really) “Nice Doing Business With You?”
I was recently on a conference call with a client’s management team when I felt compelled to sum up my best legal advice as eloquently as I was able: “Stop using things that suck.” We were reviewing comments to my… Read More