Why are contracts important?

Why are contracts important?

As a small business owner, one thing that you might be wondering is why it is important to have contracts with the people and companies you do business with. To put it simply, contracts are the backbone of your business — and your business relationships. They’re...
What is an Employment Agreement?

What is an Employment Agreement?

Most US states are at-will employment states. What that means is, an employee can quit their job without giving a reason and notice. An employer can also fire an employee at any time with or without cause. Several factors, however, can protect an employee from being...
What is the breach of contract statute of limitations in California?

What is the breach of contract statute of limitations in California?

If you run a business you most likely have entered into a contract with suppliers, clients, employees, financial lenders, etc. As an individual, you also have probably gotten into a contract, for example, with a landlord or personal health insurer at some point. A...

How to collect past due money for your business

In this video (see Tom’s YouTube video below), we’re going to cover how you can make sure that your business is going to be paid in a timely manner and that you’re going to get the most dollar-for-dollar that you possibly can from your customers. We’re also...

Lending money? Have a promissory note created first

One of the most frequent issues people face is recovering money they are owed from others. However, there are a few things someone can do before lending money to make collecting a debt less of a headache. A very important and easy thing to do is to create a promissory...
Invoking Force Majeure for Event Contracts During a Pandemic

Invoking Force Majeure for Event Contracts During a Pandemic

By Attorney Thomas F. Gallagher, Esq. Managing Partner GALLAGHER KRICH APC   “Force Majeure” occurs when an emergency that is unforeseeable at the time of the contract makes the performance of the contract objectively impossible.  Sometimes, a contract contains...
What you need to know about a breach of contract as a business owner

What you need to know about a breach of contract as a business owner

Your business is hired to perform a job for a client. You respect your part of the deal, you do the job, but the check does not come. The client broke the agreement you had, and your business might be financially strongly affected. Dealing with clients or suppliers...