Many small businesses rely on equipment financing contracts and equipment leases to obtain office equipment or tools of the trade. Equipment financing and/or leasing helps businesses meet their equipment needs right away, but there are risks involved. Here are our top 5 tips for managing risk:
1. Don’t stop making payments under a lease or financing contract.
Equipment should always be inspected before the contract is signed. Most equipment leases and financing contracts contain, at the least, a clause indicating that the purchaser/lessee has had the opportunity to thoroughly inspect the equipment. Many contracts require […]
“Will you look at my contracts and make sure they are good?” Our attorneys hear this frequently from contractors. So what does a good contract look like?
First, every contract is different. What works for some industries may not work in others. That said, several basic items should be addressed in every landscape installation contract.
Scope of Work. What will you be doing for the customer? What type of project is it? Be specific. The scope of work for each contract should be different and apply specifically to that customer and project. Let’s use a patio as […]
Construction and Landscaping Contracts
In the world of Construction and Landscaping, proper contracting skills are a must. This can seem like a daunting task to undertake while you’re busy running a business, but in the end having a good contract and using it effectively can save you time and money, as well as increase customer satisfaction and reduce disputes.
The contract is about defining the relationships, roles, and responsibilities of each party. It will determine what is to be done, when it is to be done, where it is to be done, how much it will cost […]
Filing a lawsuit serves many purposes. One main purpose in a breach of contract lawsuit is to show the breaching party that you are taking this matter very seriously. This will put the breaching party on notice. However, filing a lawsuit does not necessarily mean you have to win or lose. You can file the lawsuit even though your intent may be to enter into negotiations to settle the breach.
Some lawsuits can take over a year and become costly. There is also never a guarantee you can win at trial. Some type of Alternative Dispute Resolution can be useful […]