A contract is more than a piece of paper signed by two or more parties. It is a legally enforceable agreement. So, what can make a contract unenforceable? Mistakes All contracts need at least the foll...
What Is Indemnification?
Fine print. Seems like contracts are full of it. The clauses and provisions that make up a contract each have a specific purpose, though. Indemnification, for example, is often used to protect a party...
When Breach of Contract Leads to a Lawsuit
In December, seven Tim Hortons restaurants located in Minnesota were sued for breach of contract and other claims. This is not the first time Tim Hortons and its parent company, Restaurant Brands, hav...
Don’t Employ a Break-Fix Strategy for Your MSP Contracts
Before the evolution of information technology gave us managed service providers, many companies employed a “break-fix” strategy when it came to their computer systems. They waited until their equ...
What to Include in Your Master Service Agreements
If your company provides professional services to clients, then you’re already familiar with master service agreements. Usually called an MSA, this type of contract is spells out important agreement...
What is a Limitation of Remedy Clause?
In many agreements, you may find a clause labeled “limitation of remedy.” This clause is largely similar to a limitation of liability clause in that it controls how much responsibility a company h...
How to Add Performance Standards to Contracts
You may have seen a clause in a contract you’ve signed similar to the one below. While the exact language and standards will vary based on the industry, the goal is to ensure one or both parties are...
Business Arbitration
Many businesses now choose to resolve disputes using a blended technique known as mediation-arbitration rather than the traditional court system. Mediation-Arbitration is a form of alternative dispute...
What is a Non-Disparagement Clause?
There are many different situations where you might find a non-disparagement clause in an agreement, from litigation settlement to a contract to work with someone who is notoriously difficult. This cl...
Why You Should Talk to a Lawyer When Starting a Business
Starting a business is surprisingly simple and it seems like everyone is starting a new company these days. While it may be simple just to set up your online shop and go, you really should talk to a l...