Four Tips for Master Supply Agreements
June 25, 2018
Whether a business is just beginning and needs the necessary supplies to start production, or an existing business is simply looking to renegotiate terms or find a new supplier, business owners face a specific set of challenges when figuring out how to best deal with supply agreements. . . .
What to Consider When Buying a Business & Some Recent Changes That Can Help
April 3, 2018
Whether you’re interested in expanding your existing business or looking to get in to an entirely new sector, purchasing a business comes with a complex set of issues, not the least of which is financing. After most formalities have been dealt with—such as purchase price, investigating the inner-workings of the business, and so forth—the question remains . . .
Personally Identifiable Information
December 31, 2017
In recent years, as an increasingly large amount of our information is stored on computers and throughout the internet generally, the notion of cyber security, especially in relation to Personally Identifiable Information (PII), has become a progressively important and even daunting concept. Under Minnesota statute 325E, “personal information” means . . .
Strategic Thinking for Leases & How Lawyers Can Help
November 30, 2017
In the wake of Amazon’s latest acquisition of Whole Foods, the fate of traditional, brick-and-mortar retailers may not be as bleak as it once seemed. The world’s largest online retailer is facing certain difficulties in the realm of lease agreements, the same kind of difficulties that any tenant may face when entering into such a lease. . . .
Key Areas of Concern When Dealing with a New Vendor
September 30, 2017
Whether you are a well-established company or just starting out, outsourcing certain services may be in your best interest; big box retailers, for example, need not concern themselves over the creation of a customer-facing app to sell their products and all of the intricacies that accompany the technological world. . . .
Beware the Oxford Comma
July 9, 2017
Upon first glance, the fact that the US Court of Appeals for the First District recently upheld an appeal by five Maine delivery truck drivers of dairy products may not seem like a huge deal—it was essentially held that the drivers in question were entitled to overtime pay, something that their employer had thought they were exempt from because of Maine’s applicable law. . . .
Ten Things to Consider When Taking a Product or Service to Market
May 10, 2017
1. Basic business structure. First and foremost, it is important to make sure that your enterprise is incorporated correctly, whether that be as a sole proprietorship, partnership, LLC, or otherwise. . . .
Five Things to Think About When Dealing with Purchasing Contracts
March 30, 2017
1. Determine what factors are most important to you and your business. Whether it’s price, quality, terms of payment, or otherwise, it’s important to remain introspective into your own company and discover what is truly the most important factor in your own circumstance. . . .