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Business Contracts and Leases Archives

What to do when you must break a commercial lease

Commercial leases protect both the property owner and the business owner. But there are times when it may be necessary to break your commercial lease. Below are some tips for getting out of a commercial lease with the least amount of financial liability.

How can I find a short-term lease for my Cincinnati business?

Business owners often think that they have a good idea and an airtight business plan when they start making plans to set up shop. Things may not always unfold as planned though. The idea of being in a long-term lease for an office during these early stages can seem daunting. It may be best for them to try and find a short-term lease to get into. Finding one can be hard though.

What are some key details to include in a consulting agreement?

In recent years, many entrepreneurs have chosen to offer their talents to others on a freelance basis as opposed to holding a traditional role with just one company. Consultants who do this should remember that by taking on work on a project basis, they're not anyone's employee. Protections extended to a company's workers don't cover them. This is why it's important that they have a consulting agreement in place with each client.

How can I free my Ohio company from its existing lease?

When most Ohio business owners sign a lease, many are so excited to have found a place that they sign their name on the line without combing through its terms or trying to negotiate a more favorable agreement. It's only when they find they've bitten off a little more than they can chew that a Cincinnati company owner will consult with an attorney to find out what they can do to get out of their commercial lease as painlessly as possible.

What terms should I expect my franchisee to want to negotiate?

If you're looking to franchise your business, then you may expect to be able to have your attorney draft a single contract that you can have all of your prospective franchisees sign. There's a strong likelihood that they'll each have their own unique demands and that they'll want to sit down to negotiate some kind of concessions, though. There are common requests that franchisees make.

Why would an Ohio employer utilize noncompete agreements?

As an employer in Ohio, you have a lot on the line in your business. As you bring in new employees, you need to be able to trust that you can share an open relationship with them and form a mutually beneficial partnership.

Construction contract details: Scope of services

It is very important to understand all of the necessary elements of a construction contract when drawing one up or signing it. This typically starts with names, dates, projected costs, a timeframe and other such details. All parties need to know what is expected and what it is going to cost.

When should you require a nondisclosure agreement?

One of the key sources of confusion around nondisclosure agreements (NDAs) for business owners and entrepreneurs is when they should require someone to sign one. Generally, an NDA is warranted whenever someone is going to be privy to valuable and/or confidential information about your company or those who work for or are served by your company that you don't want them to share without your approval.

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