Category Archives: Deal Structuring

The Most Important Provision in Your IT Consulting Contract

Sure, maybe not the most exciting topic ever, but the subject is important..  You’ve worked hard over your career to gain the experience and expertise to create a business as an IT or software consultant.  Awesome, right?  It is!  But if you have a weak contract, you may be giving away the farm, so to speak, or, worse, you may be putting yourself up for some big court action.  Obviously, neither are your goals.  Your goal should be...

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Piercing the Corporate Veil – Are you sure you’re a corporation?

A great man named George Costanza once said 'it's not a lie… if you believe it…" And this is just what many small business owners do – they lie to themselves by calling their business a corporation and then they say it and write it down so much that they believe it's true. Well, the problem is that to properly be a corporation, you have to follow procedures. You have to have meetings to take certain actions, you have...

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How to Properly Break a Contract

When you're in business, you have contracts. If you don't, you're probably doing something wrong. More importantly, when you enter contracts, you intend to keep your side of that contract and you surely expect the other side to keep its end of that promise. However, business is money and money drives decisions. That's why there are no punitive damages for breaking a contract. That said, you should consider the consequences because there likely are going to be consequential...

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You Just Agreed to What? What you need to know about that contract you just signed…

In both our personal and professional lives, we've dealt with contracts and we'll continue dealing with them until the day we die (and a few even after we die…as eerie as that is). Some of these contracts are impossible to understand. They're filled with legal jargon and seemingly made up words. On the bright side, you're not crazy – some of these words are, indeed, made up. Heretofore to exemplify said point, the undersigned shall henceforth list examples...

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