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5 Tips for Negotiating Business Contracts

One of the key responsibilities of running a business is having the skills to handle complex business transactions and securing the best contracts and deals for your company. Below we discuss some of our best tips for negotiating favorable terms. 1.  Be prepared We know it might seem obvious, but preparing as much as possible before entering any negotiation is essential. Know everything there is to know about the business contract so that the other

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An Overview of the Due Diligence Period in a Commercial Real Estate Transaction

If you’re in the middle of a commercial real estate transaction, there are a lot of things you need to do. One of these things is called due diligence, and it is an essential and comprehensive stage of any commercial real estate transaction. It’s actually so important that your contract should include a clause allowing for this process to take place. So, what’s due diligence? Due diligence is the process of investigating the physical status

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Understanding the Difference Between Copyrights and Trademarks

Intellectual property (IP) encompasses some of your business’ most valuable assets. From patents and trade secrets to copyrights and trademarks, there are several different categories that your IP can fall under, and it’s important that you are familiar with them all. This is because unless your IP is properly registered, you don’t get as many legal protections and it can be devastating to your brand’s integrity and business. So, if you run a business and

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A Quick Guide to Real Estate Deeds

The process of buying and selling real estate is complex and can be daunting for everyone, particularly for those who are dealing with their first transaction. It can get confusing because there are a lot of things you need to be aware of during the process, both for commercial and residential real estate deals. One of the most important elements of any real estate transaction is called the deed. Deeds are key because without one,

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Starting a Business: The Importance of a Strong Operating/Shareholder’s Agreement

If you’re in the process of starting a business, then you already know that there are a lot of things you have to think about. From figuring out the type of entity to use to working harmoniously with your partners and raising funds, it’s easy to want to skip the basics in order to get everything going. However, there is one thing that you should never skip: the Operating Agreement or Shareholder Agreement, depending on

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