THIENEL LAW BLOG

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42 Common Types of Business Contracts: Your Comprehensive Guide to Navigating the Complex World of Legal Agreements

Navigating the world of business contracts can be a daunting task. With a myriad of different types of agreements, each with its own unique terms and conditions, it's easy to feel overwhelmed. Whether you're a seasoned business owner or just starting out, understanding the ins and outs of these contracts is crucial to protect your interests and ensure smooth business operations.

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Liquidated Damages in NDAs

An NDA or nondisclosure agreement protects a company’s sensitive information, trade secrets, and intellectual property. The agreements prohibit employees, vendors, contractors, and other parties from disclosing the company’s confidential information. The agreements also outline when a party can disclose information and the guidelines for doing so.

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5 Clauses Every Business Partnership Contract Needs

When you form a partnership, limited liability company (LLC), or any other business arrangement, your contract will have several key statements that directly outline the responsibilities and limitations of every member in the group.

In a way, your partnership contract will be the constitution for your company. It’s imperative that your contract includes five important clauses to protect yourself and ensure your future entity runs smoothly as you hire a Maryland contracts attorney and draw up the documents for your partnership.

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Three Great Websites to Find Government Contracting Opportunities

Working for the federal government can be very lucrative for your business. The United States government is the largest buyer of products and services in the world. Some contracts offered by the federal government are open to any business that qualifies for that contract while some contracts are limited to certain types of businesses, such as women-owned small businesses.

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Seven Insider Tips For Winning Government Contracts In 2020

Government work can be very lucrative. However, before you can make money working for the government, you need to learn how to be successful when you bid on government contracts. Working with a DC fractional general counsel to prepare your proposal can increase your chance of winning the contract. Below are seven tips from experienced insiders that can also increase your chance of winning government contracts in 2020.

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Have You Considered Fractional General Counsel?

Many entrepreneurs discover that they need a competent general counsel at various stages in the business cycle. They need legal services to address matters related to intellectual property, employment matters, contract negotiation, contract review, litigation, and other legal issues. Few small-to-mid-size business owners have the budget to hire outside counsel a full-time, in-house counsel. Retaining a DC fractional general counsel for your company might give you the best of both options.

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11 Contract Negotiation Strategies to Get You What You Really Want in Business

Business negotiations can be tricky. As parties go back and forth to reach an agreement, the parties are struggling for leverage and favorable terms. In most negotiations, both parties compromise on some issues. Rarely do all parties walk away from business negotiations with everything that they desired when they began the process. Even though negotiation skills are important, it is also important to remember that there is a legal aspect of business negotiations.

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5 Key Elements for Your NDAs

Businesses and companies use NDAs or Non-Disclosure Agreements to protect confidential information. However, if an NDA does not contain certain elements, it may not be legally enforceable. A Maryland business attorney can help you ensure that you include all key elements in your company’s NDA to make the agreement effective and enforceable. Below are five key elements that a business should include in its NDAs.

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Entrepreneurs - The Ultimate Legal Resource Guide for Start-Ups in 2019

Starting a new business is exciting. You have an idea for a service or a product you are convinced consumers want. Before offering your product or service to consumers, certain practical and legal considerations must be addressed to protect your business interests and your personal interests. The decisions you make while setting up your new business venture have a significant impact on many short-term and long-term matters and issues.

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Pro Tips for Reviewing Contracts

At work, you may deal with leases, employment contracts, vendor agreements, non-disclosure agreements, and partnership agreements. If you need to review a contract, these seven pro tips from our experienced Maryland business attorney can help you cut through some of the legalese to identify the key terms contained in the contract.

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[VIDEO] Start-Ups 101 - 5 Reasons Every Start-Up Should Use a Fractional General Counsel

The Fractional General Counsel Model utilizes an up-front fee structure customized to meet the needs of your particular business. This model is particularly beneficial for start-ups, who may not have the budget to hire a full-time counsel, but want to ensure their investment is protected. Check out our latest video on why more start-ups are using fractional general counsel.

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Non-Solicitations vs. Non-Competes - Do you Know the Differences?

Non-solicitation and non-compete agreements are used by many employers to protect an employer from an employee actively competing for business after the employee leaves the company. Even though the agreements may be similar, the agreements cover different aspects of an employee’s actions after terminating the employment relationship. Non-solicitation and non-compete agreements are typically included in an employment contract and remain in force after the employment relationship ends.

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