You've outgrown your Cincinnati facility and need a new place to conduct your business. There's a lot to consider beyond size and location, though. Think about your lease.
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 creating a business lease, is it wise for those on both sides to talk about renewal options in advance? It certainly can be, as it may help prevent a situation in the future where the tenant wants to break the lease.
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.
If you think of how many people that you've known that have been asked to sign an employment contract before they were hired on to take a job, then you would probably mention teachers, doctors or company executives. There are varying reasons that an employer may request them to sign one.
There have been a lot of stories about nondisclosure agreements (NDAs) in the news lately due to the Trump administration's propensity to require all employees to sign them as a condition of being hired.
Are you one of the many people out there forging a new business path through freelance work? Creative consultants of all different sorts are taking their highly-valuable skills and trading on them for independence from the traditional nine-to-five job.
You're considering a commercial lease. You do not want to invest in purchasing a property up front, and the lease gives you a low-risk way to get your business off the ground.
Your company has not opened its doors yet, but the decisions you make could drastically impact its livelihood moving forward. The terms of your commercial lease could prove very critical to your success.
Most business owners at some point encounter clients who want to push the boundaries of the contractual obligations in their favor. Depending on the industry, they may ask for last-minute changes to blueprints or for the business owner to toss in some extra software packages after the deal's been closed. In the industry, it's often referred to as "scope creep," and it's a real problem.