Breaking It Down: The First of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments and its import and impact. The first commandment: “Understand your goals for the acquisition.” Begin with the […]
8 FAQ Regarding Contracts
What is a contract? A contract is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law recognizes as a duty. In other words, a contract is a promise that is enforceable by law. What are the requirements for proving the existence […]
Business Success Tips from an Unusual Place
I picked up an invaluable saying at a recent memorial service. A speaker at the service told us that the deceased used to say “Doing Does It.” One of his favorite sayings. Of course it does! Actions speaks louder than words. A job begun is a job half done. The first yard is the longest […]
Someone Wants to Buy My Business. Now What?
This is a question we hear from business owners who have been approached about the possibility of selling their business. Prospective sellers are always concerned about selling at a satisfactory price and on satisfactory terms and conditions. With our experience representing sellers of businesses for well over three decades, we certainly can help facilitate and […]
Always Proceed as if the Details Matter, as Sometimes They Really Do!
I was fretting the other day because our marketing help was referring to “The Calkins Law Firm, Ltd.” As “Calkins Law Firm, Ltd.” And was referring to the speaker series that we co sponsor, the “Center For Free Enterprise, Ltd.” as “Center For Free Enterprise.” Does it really matter whether my marketing help refers to […]
Things to Consider When Bringing on a New Business Partner
I recently got a phone call from an entrepreneur in California who had been referred to me for legal advice. She explained that she wanted to enter into a Founders Agreement with a new business partner who she believed was in a position to perform certain technological services for her new business. She wanted help […]
Case Study: Why You Should Approach Arbitration Like It’s Litigation
I recently worked with an out-of-state client who is a graphic designer. My client, we’ll call her Jane, worked as an independent contractor for a large manufacturer of gift items, such as mugs and t-shirts. This company, we’ll call them The Company, had filed an arbitration demand seeking to terminate its relationship with her. The […]
How to Win a Breach of Contract Lawsuit
When I consider all the claims our law firm is asked to handle, breach of contract is at the core of most of them. This is because at its essence, a business is a bundle of relationships. You have relationships between you and your customers, you and your vendors, and you and your employees. And […]
The Different Types of Breach of Contract
What is the definition of breach of contract? At it’s core, breach of contract means to break the terms of a written or verbal agreement. Breach of contract sounds pretty straightforward. Either you do it or you don’t. But it’s more complicated than that as illustrated by the four different types of breach of contract. […]
Tips for Preparing Your Business for Sale
Most business owners don’t plan to sell their business. They do it because they have to. The days where you could assume the next generation would take on the business are long gone. Whether it’s a forced retirement due to health issues or a lack of capital, there comes a time when a business needs […]
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