C is for Contracts! Do you have impeccable contracts or agreements between your business and your customers and clients? Maybe you have a contract that was drafted a decade ago. Or you downloaded something from the internet. Or maybe you used a competitors contract for “inspiration”. No matter how you got what you are using, you must make sure that you contract is enforceable in court, is directly tailored for your business model and your clientele, and protects your business. Contracts are not one size fits all.
Is your business COVIRED®?
O is for Operations! Do you have the right kind of operating entity to protect your business? What is the difference between an LLC and a Corporation? Maybe you don’t have an entity at all, but need to know what your options are. Or maybe you have an entity, but you and your business partner have operated on a hand shake. Maybe your business partner is a family member. No matter what, you must have your operating agreement fit what you are doing with your business, and not some generic document.
Is your business COVIRED®?
V is for Vendors! Do you have a contract with your vendors? Do you know what rights and obligations you have with your vendors? Maybe you have a supplier or a wholesaler that provides you with goods. Do you know what those terms are? Do you have that in writing? Maybe you’re subcontracting to somebody and you have a business where you need a subcontractor. What are the terms of that engagement? What are their rights and responsibilities? Maybe you have a cleaning company that comes into your office. If they vacuum your office, what happens if an elbow hits and knocks into a monitor, or damages some expensive equipment? What are you going to do? Do you have that in place?
Is your business COVIRED®?
I is for Intellectual Property! In the course of running your business, do you create any intellectual property, such as copyrightable works? Do you have an invention that can be patented? Maybe you have a logo or company motto that you want to protect with a trademark. And also, is your website and promotional material respecting other people’s intellectual property?
Is your business COVIRED®?
R is for Risk! Every business has its own unique risks. Maybe you are a service provider who goes into people’s home and businesses. Maybe your business is one where you are hands-on, such as a chiropractor or massage therapist. Maybe you are a professional who provides expert advice. Conducting your business has an inherent unique risk, and you have to legally protect your business, acknowledge those risk, and mitigate those risks.
Is your business COVIRED®?
E is for Employees! Unless you’re a solo entrepreneur, chances are you have employees. Do you have engagement letters? Maybe you need a non-disclosure, non-compete, or non-solicitation agreement. Maybe you need a contract with that independent contractor. Or is that independent contractor really actually an employee? Your best employee today could be your adversary in a lawsuit, tomorrow.
Is your business COVIRED®?
D is for Disaster! Death, Disability, Divorce, Disagreement. Do you have a plan for these disastrous events? Do you know what you would do in the event something disastrous occurred? Is your business ready to protect itself from these legal catastrophes?
Is your business COVIRED®?
Wan Law Group, PLLC has prepared all the material and information on this website. The content herein is for general informational purposes only, and is not intended and should not be construed to be legal advice or legal opinion. Use, transmission or receipt of the material and information on this website does not constitute nor create an attorney-client relationship with any of the attorneys herein. Electronic mail or other communications via this website cannot be guaranteed to be confidential, and do not create an attorney-client relationship. Parties seeking legal advice should consult with independent legal counsel. Wan Law Group, PLLC herein does not warrant that any material, information or content on this website is accurate or complete or timely, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause. Wan Law Group, PLLC is not responsible for, and makes no representations or warranties about, the content of websites to which links may be provided from this site. Prior results do not guarantee a similar outcome. The materials presented on this website constitute attorney advertising.
