Don’t get Roles mixed up when signing for a Business Entity (plus case in point)

When signing for a business entity, such as a corporation or limited liability company, an officer’s signing capacities can get confusing.  Is she signing on behalf of the entity only, or in her personal capacity and on behalf of the entity? Check the following points: 1.  When only the business entity is supposed to have obligations under the agreement, the signature block should...

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CORI K-Base Contract Research Expands

In one of my previous posts I mentioned  Cori K-Base, the resource for free contract forms and research sponsored by the University of Missouri.  I just received an e-mail from them informing me that they have made some major improvements: "First, we have partnered with QL2 Software, Inc., to enhance our ability to acquire and incorporate contracts from EDGAR and other on-line...

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Resources for low cost or free Form Business Contracts

I’ve posted on web resources for form contracts before; however, this is supposed to be a comprehensive list. First the Disclaimers: There is no assurance that any agreement that was not drafted for you and your individual circumstances is worth more than the paper it was written upon. An agreement develops through negotiation.  You must be aware of the legal consequences of each and...

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Making Fun of Lawyers

Via A VC, I learned of this video making fun of lawyers.  While it is obviously a joke, it does illustrate one job of lawyers, especially lawyers in business transactions:  we are intermediaries for our clients and help them staying on good terms with their business partners.  They did end up kissing in the end, did they...

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Seal of Approval for Forfeiture for Competition Agreements

You may know that non-compete agreements between an employer and an employee are problematic since there is always the real possibility that a court may find that the restrictions put on the employee in the agreement are unreasonable.  There are even websites trying to help employees break their non-competes.  Nonetheless, businesses would like to be protected from an employee leaving...

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Confidentiality Agreements between a Business and an Employee

A confidentiality agreement (also known as a Non-Disclosure Agreement) is meant to protect a business from misappropriation of valuable proprietary information by employees.  Often it is a good idea to have one in place with your employees. When drafting or reviewing such a confidentiality agreement, check the following points (and consult with your attorney): 1.    Use the proper...

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