Articles
Benefits of Buying and Selling Under a Land Contract (Owner Financing)
A land contract is an agreement between a buyer and seller where the owner provides financing to the seller. In most scenarios, the buyer makes monthly payments to the seller over an agreed upon period of time, and then a balloon payment is paid later to complete the...
The Importance of Written Business Contracts
https://youtu.be/9tW7Nr5Aj-Y Daniel Ross and Associates is here to help Northeast Ohio business owners manage the legal aspects of their company. Whether you have a new or existing business, having proper contracts in place is essential. Our team is here to ensure...
Should You Make Mandatory Arbitration Part of Your Business Contract?
Previously, we introduced alternative dispute resolution and reviewed the approach to mandatory mediation clauses in business contracts. Arbitration is, of course, the other main body of ADR. And like mediation, arbitration can be written into a business contract in...
Mediation Clauses in Your Business Contracts and How They Can Help Or Hurt
Dispute resolution has a favorite son, and despite Americans’ litigious nature, it’s not the courtroom. Alternative Dispute Resolution, or ADR, is a combination of the informal mechanisms of mediation and arbitration which provide an alternative to trial and alleviate...
Agreements to Agree: What Can You Rely On?
There are plenty of reasons for “agreeing to agree.” The future is hard to forecast; we don’t want a hang-up to impede a venture in the here-and-now; and a dozen others. I don’t need to tell you that this invites uncertainty into your business relationships. But at...
Making a Choice of Law for Your Business Contract
Each state has its own local laws which control how businesses can operate, how business partners can cooperate, and how disputes over contracts are settled in court. Interestingly, business relations have the ability to choose which state laws they want to govern...
When Should You be Added to Your Vendor’s Insurance Policy?
Vendors and other independent contractors should be covered by Commercial General Liability (CGL) and Professional Liability Insurance (PLI) policies, which protect them against the consequences of accidents, errors and omissions, mistakes, and oversights when...
Setting Up to Sell Your Business
Selling a business is much like selling any other big-ticket item. You wouldn’t sell your house, for example, without appropriate renovations, understanding your property value and the market at large, and assembling the right team to facilitate the sale. The same is...
Cancelling Contracts: Which Sales Have a Cooling Off Period – And Which Do Not
As it turns out, there is some truth to the old cliché that contracts are made to be broken. But not all contracts, and not all the time. The law recognizes that sometimes the ability to cancel a contract works in the public interest: sometimes a consumer buys a good...
When Can’t You Terminate an At-Will Employee?
Employment at will – the right to terminate a work relationship for any reason or no reason at all – is a state law concept structured to give both businesses and workers flexibility and mobility in the workforce. From an employer’s perspective, employment at will...