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. Commercial leases aren't one size fits all. They just can't be downloaded from the internet. And...
Business Contracts and Leases
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...
Should a business lease have renewal options?
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. After all, commercial leases are something of...
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...
Signing a employee contract rarely benefits both parties
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...
Will my employees’ non-disclosure agreements hold up in court?
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. At present, it's anyone's guess whether the NDAs that the...
Why consultants should use a contract
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. However, that...
2 clauses that reduce your risk with a commercial lease
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. Even so, you're worried about what the lease means if things do not pan out. What if you...
6 tips for commercial lease negotiation
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. As such, here are six tips that can help you negotiate until you...
What is “scope creep”?
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...