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Showing posts with the label Contract Law

Lessons Learned: Always use 50/50% Payment Model

Dumping the words "lesson learned" into my business knowledge I have acquired section of my so-called "management manual," there is a good one all small business owners should apply. Never pay contractors their fees all upfront. Either do payments or 50/50. Wanting to be a trusting person, I've stumbled and fell on my face a couple of times after "trusting" the wrong contractor -- someone I should have been able to trust. The rules should apply like this: No. #1 Don't do anyone any favors out of strict kindness and pay them in advance of work . Motivation to do the work sometimes requires a carrot and a stick. If the contractor eats the carrot before commencing the work, the motivation is now gone. Leverage is now gone, too. Outside of legal recourse, that contractor can hold you hostage to his/her whims or lack of work ethic. No. #2 Trust is earned ... period . I'm never one to suggest not to be trusting. Trust is a beautiful thing especia...

Legal Ease

I have recently encountered some legal discussions, and I realized some people may not understand some realities of today's digital world. For unaware businesspeople who may not know I thought I would share the following information. Texts --did you know that if a legal dispute comes up your text conversation can be used in court? Yes, the cell phone companies keep records and entire transcripts of text conversation can be pulled up and used in court. Agreements made in text are like a digital handshake and can be used to bolster your case. Email --emails are the equivalent of that same digital handshake. An email can be used to show an agreement was made. Also, employees should be aware that email sent from their employer's machinery is subject to be monitored. Yes, employers can read their employees' emails. It's company property, and employees who use for personal reason should be aware of the legalities. The best case is to always get a signed contract, but th...