A recent article in the Miami Herald indicates that as many as 90% of all companies in the United States are family-owned. The article proposes several questions that owners of family-owned businesses should consider when contemplating the sale of the family business. Why are you considering the sale? Clearly identifying the reason forGo to Resource
Category: Business Law
Want to avoid a future lawsuit about your contract? Make sure it has a clear, reasonable termination clause. Lawsuits are, unfortunately, a common outcome when the parties to a contract don’t have any other way to get out of a contract they’re unhappy with, or when they don’t agree on who gets paidGo to Resource
Several bills favorable to business owners have passed into law this legislative session. For details and links to specific bills see the weekly Legislative Status Report from the Jefferson County Business Lobby. The following is a brief summary of new laws impacting businesses that will go into effect this year: HB12-1029 Economic stimulusGo to Resource
The Colorado Secretary of State recently announced the launching of a new filing and searching system for Uniform Commercial Code filings in Colorado. The new system eliminates traditional paper filings and requires UCC forms to be filed online. The system is designed to save businesses time and money by enhancing and streamlining theGo to Resource
One of the most mysterious – and important – clauses found in many standard contracts is the indemnification clause. What is indemnification? And how can you tell whether the clause is favorable to your business or to the other side? Indemnification is like private insurance. It’s usually an agreement by one party toGo to Resource