Indemnification

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

GENERAL BUSINESS

Understanding The Importance Of Following Rules | ALWAYS Follow Company Policies And Procedures

✔️SUBSCRIBE✔️ https://www.youtube.com/channel/UCf... It’s good to know the importance of following rules because making exceptions to company policies and procedures can have serious legal consequences. Even the best intentions can lead to litigation. When it comes to how a business treats it’s employees, exceptions are dangerous. Why? Well, when you make exceptions to established policies, you’re making yourself vulnerable to legal action because the rules in place are meant to safeguard against unfair treatment. When these rules are broken, no matter what the reason, it shows that someone is being treated differently than the rest of the organization. The importance of following rules is that it protects you against being sued. By always following company policies and procedures, you can rest assured that your legal position is solid. Although it could be tempting to break a rule in order to do something that you view is beneficial, it’s not a good idea. Although you may think you’re helping an employee, when you go against policy, other employees may react negatively. Even if no legal action is taken, a breach in company regulations could lead to dissatisfaction among the employees. Some may view your decision as unfair or biased. Rules help to maintain an even playing field. You see, rules create understanding by laying out the guidelines for each situation that may arise. Once policies are in place regarding how employees are to be managed, they have to be followed. They’re there for everyone’s sake. Hopefully you’ve learned to recognize the importance of following rules. Do not make exceptions to company policies and procedures. If you do, be aware that you’re taking a risk.

Deciphering the Lawyer Jargon | Clarify Every Legal Definition BEFORE You Sign

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... When signing any agreement, it’s important to know the legal definition for each and every term. There’s a lot of lawyer jargon that can be ambiguous. Rather than assume you know something, you can avoid potential repercussions by asking for clarification. And it’s often not the big words that get you into trouble. It’s the everyday words that have special legal meanings. These words can be confusing because they’re recognizable and yet, in a legal context they can mean something quite different from what you’re used to. Don’t be afraid to ask what something means. Asking a question can get ambiguous terms clarified. If there’s a word whose legal definition you don’t know, there’s a good chance that the other side doesn’t know the definition either. The more questions you ask, the easier you’ll make it for both parties to navigate the lawyer jargon. The best agreements should use clean and precise language that’s easy to understand. These kinds of agreements make the negotiation process much smoother because everyone knows what it is they’re reading without having to struggle. But again, don’t hesitate to ask questions. The terms in an agreement have special meanings that hold very real consequences. Compared to the slight discomfort you may feel in admitting you don’t know something, signing something you don’t fully understand carries with it much more serious consequences. Agreements should use language that is readily understandable. However, when faced with ambiguous terms, get clarification. Don’t let the lawyer jargon overwhelm you. Asking for the legal definition of a term is the smartest way to navigate the legal mumbo jumbo.

Contract Clauses Matter | How To Draft A Contract With An Out Clause

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... When working in a long-term relationship with a client, there are a variety of contract clauses that can help protect you. Knowing how to draft a contract that includes a way out is essential to properly ending a business relationship. You may have had a client whose expectations exceeded what was originally agreed upon; perhaps you’ve had clients who are simply difficult to work with. Don’t get stuck without a legal exit. When planning out how to draft a contract with any client, it’s wise to consider an out clause. What situations do you want to avoid? What are the triggers that will force you to end your agreement? An out clause should let you stop working with a client or renegotiate payment terms when certain adverse things happen. This is an important way to ensure that your time and energy are not being wasted. If you enter into a working relationship with someone and they begin to ask more and more of you, contract clauses that allow you renegotiate or terminate the agreement and can be used to improve your situation. For example, let’s say you’re a consultant. You and the client have agreed upon a number of responsibilities and expectations. However, over the course of a year, you find that the client has gradually begun to demand more work of you. Without an out clause, what can you do? You could be stuck in a sour relationship because the terms of renegotiation are undefined. Contract clauses that allow you a way out are an essential part of considering how to draft a contract with your long-term clients. An out clause may just save your business – and your sanity too.

Is A Handshake Deal Or An Oral Contract A Legally Binding Agreement?

✔️SUBSCRIBE✔️ https://www.youtube.com/channel/UCf... A handshake deal can easily end up on shaky ground. It’s crucial to the success of your business to prioritize making a written, binding agreement over an oral contract. In this video, I talk about the pitfalls of making deals that aren’t necessarily legally binding. I get it – the idea of a handshake deal is friendly. Two people who want to do business together map out a mutually beneficial arrangement, and they give each other their word that they’ll both honor the deal. But while both parties’ intentions may start out sound and strong, things have a way of going wrong. Here’s the problem with having an oral contract rather than a written, binding agreement: If you only agree verbally, you have no concrete proof of your terms. Unless your contract is legally binding, you won’t really have a leg to stand on if your agreement is violated. People’s memories seem to magically falter or change when a dispute arises. Worse yet, there’s no guarantee the person with whom you make a handshake deal will still be around to make good on the deal. People change positions and companies, and of course, people become incapacitated and die. The simplest way to protect your business is to get legally binding contracts in writing. When you begin a business relationship with someone, make sure you take the extra precaution of turning your oral contract into a binding agreement. Get your agreements in writing – this way, you mitigate the chances of unpleasant surprises in the future. You’ll have the ammunition to meet disputes head-on and the ability to answer any challenges. For more practical advice on business law and navigating legal landmines, read my bestselling book: https://www.attorneynancygreene.com...

Comp Time

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Firing Conversations

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Salary & Overtime

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Non-Competition

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Progressive Discipline

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Severance

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Why You Need Job Descriptions

Here's why you need job descriptions.

No Good Deed Goes Unpunished

No good deed goes unpunished.

No Freedom of Speech

No freedom of speech.

Independent Contractors vs Employees

Do you know the difference between an independent contractor and an employee?

CONTRACTS

Why Effective Negotiation Means Acting First | Contract Negotiation Techniques That Work

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... Effective negotiation means getting the terms that are desirable to you put into the deal. Here’s one of the simplest contract negotiation techniques that can help you to achieve that end. When possible, be the first person to put an offer on the table. People often say that the first person to make an offer loses. But this commonly held belief is WRONG. In fact, when you set the foundation, you get to ensure that the terms that are most important to you start out in the deal. By making the first offer, the other side then has to get you to agree to remove anything that they don’t want in the contract. Likewise, if the other party wants to add anything to the contract, they’ll also have to get your consent. You can see why this could be one of the most advantageous contract negotiation techniques. By acting first, you start from the place where you want to be and force the other side to work harder to influence the contract terms. This makes for effective negotiation because it gives you the power at the outset. Acting first provides you with a significant advantage because it puts YOU in control. In essence it makes you the leader and the other side the follower. So, when someone says that you’ll weaken your negotiation power by acting first, you now know that it’s not true. Being able to set the terms right from the start will strengthen your position and get things moving in the direction of your choosing. Don’t be afraid to act first. In fact, I believe it makes for highly effective negotiation. By using this and similar contract negotiation techniques, you can make sure that the deal you sign is favorable to you.

Contract Clauses Matter | How To Draft A Contract With An Out Clause

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... When working in a long-term relationship with a client, there are a variety of contract clauses that can help protect you. Knowing how to draft a contract that includes a way out is essential to properly ending a business relationship. You may have had a client whose expectations exceeded what was originally agreed upon; perhaps you’ve had clients who are simply difficult to work with. Don’t get stuck without a legal exit. When planning out how to draft a contract with any client, it’s wise to consider an out clause. What situations do you want to avoid? What are the triggers that will force you to end your agreement? An out clause should let you stop working with a client or renegotiate payment terms when certain adverse things happen. This is an important way to ensure that your time and energy are not being wasted. If you enter into a working relationship with someone and they begin to ask more and more of you, contract clauses that allow you renegotiate or terminate the agreement and can be used to improve your situation. For example, let’s say you’re a consultant. You and the client have agreed upon a number of responsibilities and expectations. However, over the course of a year, you find that the client has gradually begun to demand more work of you. Without an out clause, what can you do? You could be stuck in a sour relationship because the terms of renegotiation are undefined. Contract clauses that allow you a way out are an essential part of considering how to draft a contract with your long-term clients. An out clause may just save your business – and your sanity too.

Is A Handshake Deal Or An Oral Contract A Legally Binding Agreement?

✔️SUBSCRIBE✔️ https://www.youtube.com/channel/UCf... A handshake deal can easily end up on shaky ground. It’s crucial to the success of your business to prioritize making a written, binding agreement over an oral contract. In this video, I talk about the pitfalls of making deals that aren’t necessarily legally binding. I get it – the idea of a handshake deal is friendly. Two people who want to do business together map out a mutually beneficial arrangement, and they give each other their word that they’ll both honor the deal. But while both parties’ intentions may start out sound and strong, things have a way of going wrong. Here’s the problem with having an oral contract rather than a written, binding agreement: If you only agree verbally, you have no concrete proof of your terms. Unless your contract is legally binding, you won’t really have a leg to stand on if your agreement is violated. People’s memories seem to magically falter or change when a dispute arises. Worse yet, there’s no guarantee the person with whom you make a handshake deal will still be around to make good on the deal. People change positions and companies, and of course, people become incapacitated and die. The simplest way to protect your business is to get legally binding contracts in writing. When you begin a business relationship with someone, make sure you take the extra precaution of turning your oral contract into a binding agreement. Get your agreements in writing – this way, you mitigate the chances of unpleasant surprises in the future. You’ll have the ammunition to meet disputes head-on and the ability to answer any challenges. For more practical advice on business law and navigating legal landmines, read my bestselling book: https://www.attorneynancygreene.com...

Get It In Writing

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Indemnification

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

Meeting Of The Minds

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...

The Out-Clause

Always have an out-clause in your contract.

Handshake Deals Get Shaky

Handshake Deals Get Shaky.

TIPS

Deciphering the Lawyer Jargon | Clarify Every Legal Definition BEFORE You Sign

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... When signing any agreement, it’s important to know the legal definition for each and every term. There’s a lot of lawyer jargon that can be ambiguous. Rather than assume you know something, you can avoid potential repercussions by asking for clarification. And it’s often not the big words that get you into trouble. It’s the everyday words that have special legal meanings. These words can be confusing because they’re recognizable and yet, in a legal context they can mean something quite different from what you’re used to. Don’t be afraid to ask what something means. Asking a question can get ambiguous terms clarified. If there’s a word whose legal definition you don’t know, there’s a good chance that the other side doesn’t know the definition either. The more questions you ask, the easier you’ll make it for both parties to navigate the lawyer jargon. The best agreements should use clean and precise language that’s easy to understand. These kinds of agreements make the negotiation process much smoother because everyone knows what it is they’re reading without having to struggle. But again, don’t hesitate to ask questions. The terms in an agreement have special meanings that hold very real consequences. Compared to the slight discomfort you may feel in admitting you don’t know something, signing something you don’t fully understand carries with it much more serious consequences. Agreements should use language that is readily understandable. However, when faced with ambiguous terms, get clarification. Don’t let the lawyer jargon overwhelm you. Asking for the legal definition of a term is the smartest way to navigate the legal mumbo jumbo.

Warning: Your Company’s Misclassification Of Employees May Result In IRS Penalties!

✔️SUBSCRIBE✔️ https://www.youtube.com/channel/UCf... Want to avoid IRS penalties? Make sure your company avoids the misclassification of employees as independent contractors. In this video, I explain why you shouldn’t try to pass your employees off as contractors to save on taxes. Some companies try to reduce expenses by treating employees as independent contractors. Don’t do it. This practice often ends up being a very costly mistake. What’s the difference between independent contractors and employees? Well, the word “independent” suggests the difference – it’s all about control. If a company has control over most aspects of a worker’s experience, chances are that worker is an employee rather than an independent contractor. In some cases, the misclassification of employees is an unintentional error, because lines can be blurry when it comes to employment. However, there are instances when companies simply try to get away with not paying certain taxes by claiming that their employees are independent contractors. Either way, companies who misclassify their employees should expect to incur IRS penalties. The IRS has a multi-part test to determine whether someone is a contractor or an employee in disguise. The more control a company has over an individual – for example, with regard to payroll, hours, and supplies – and the more involved the relationship, the more likely it is that the individual is an employee in disguise. If you’re calling employees contractors, the IRS will find out. There are stiff IRS penalties and fines associated with cheating the IRS. Unless your contractors are truly independent, don’t classify them as such. The misclassification of employees can land you in serious hot water with the IRS. For more business law tips designed to help your business thrive and stay out of legal trouble, read my book, Navigating Legal Landmines: https://www.attorneynancygreene.com...

Contract Clauses Matter | How To Draft A Contract With An Out Clause

✔SUBSCRIBE✔ https://www.youtube.com/channel/UCf... When working in a long-term relationship with a client, there are a variety of contract clauses that can help protect you. Knowing how to draft a contract that includes a way out is essential to properly ending a business relationship. You may have had a client whose expectations exceeded what was originally agreed upon; perhaps you’ve had clients who are simply difficult to work with. Don’t get stuck without a legal exit. When planning out how to draft a contract with any client, it’s wise to consider an out clause. What situations do you want to avoid? What are the triggers that will force you to end your agreement? An out clause should let you stop working with a client or renegotiate payment terms when certain adverse things happen. This is an important way to ensure that your time and energy are not being wasted. If you enter into a working relationship with someone and they begin to ask more and more of you, contract clauses that allow you renegotiate or terminate the agreement and can be used to improve your situation. For example, let’s say you’re a consultant. You and the client have agreed upon a number of responsibilities and expectations. However, over the course of a year, you find that the client has gradually begun to demand more work of you. Without an out clause, what can you do? You could be stuck in a sour relationship because the terms of renegotiation are undefined. Contract clauses that allow you a way out are an essential part of considering how to draft a contract with your long-term clients. An out clause may just save your business – and your sanity too.

Is A Handshake Deal Or An Oral Contract A Legally Binding Agreement?

✔️SUBSCRIBE✔️ https://www.youtube.com/channel/UCf... A handshake deal can easily end up on shaky ground. It’s crucial to the success of your business to prioritize making a written, binding agreement over an oral contract. In this video, I talk about the pitfalls of making deals that aren’t necessarily legally binding. I get it – the idea of a handshake deal is friendly. Two people who want to do business together map out a mutually beneficial arrangement, and they give each other their word that they’ll both honor the deal. But while both parties’ intentions may start out sound and strong, things have a way of going wrong. Here’s the problem with having an oral contract rather than a written, binding agreement: If you only agree verbally, you have no concrete proof of your terms. Unless your contract is legally binding, you won’t really have a leg to stand on if your agreement is violated. People’s memories seem to magically falter or change when a dispute arises. Worse yet, there’s no guarantee the person with whom you make a handshake deal will still be around to make good on the deal. People change positions and companies, and of course, people become incapacitated and die. The simplest way to protect your business is to get legally binding contracts in writing. When you begin a business relationship with someone, make sure you take the extra precaution of turning your oral contract into a binding agreement. Get your agreements in writing – this way, you mitigate the chances of unpleasant surprises in the future. You’ll have the ammunition to meet disputes head-on and the ability to answer any challenges. For more practical advice on business law and navigating legal landmines, read my bestselling book: https://www.attorneynancygreene.com...

Avoid Legal Mumbo Jumbo

Avoid the legal mumbo jumbo.

Negotiation 101

Negotiation 101

Starting Your Business When Working For Someone Else

Legal tips when starting your business when working for someone else.

Bankruptcy & Claiming Preference from a Debtor

Bankruptcy is no longer a bad word. If your client files bankruptcy, what do you do?

Incorporate

Can we tell you a secret? Nancy never planned on becoming a lawyer, but life's funny that way. We cut through all that legal mumbo-jumbo to deliver practical, supportive and effective legal information and business consulting to women business owners, executives and entrepreneurs. We want to transform how women experience business and leverage the law by recognizing women build collaborative enterprises. To that end, we strive to be our clients’ most valuable advisor in all aspects of their business and forge long term relationships based on a genuine interest in them and their business. We provide exceptional products and services through education, innovation and the highest ethical standards. We listen to our clients’ needs to provide their optimal outcome. To avoid legal land minds, visit http://www.attorneynancygreene.com/...