Naperville Business Lawyer Discusses Oral Contracts

As you are probably aware, most businesses rely on a number of contracts of contracts and agreements. These typically include partnership agreements, employment contracts, purchase agreements and a variety of others that have been carefully drafted and reviewed before they are signed. Most such agreements are formalized in writing, as doing so creates a permanent […]

Naperville Business Lawyer Recommends Preparing Winter Contracts Now

The signs of autumn are beginning to spread around Northern Illinois. The leaves are starting their annual explosion into deep reds and fiery oranges, the temperatures are dropping, and pumpkin spice-flavored, well, everything, can be found on coffeehouse and restaurant menus again. Before long, winter will be knocking on the door, and when it does, […]

Flexible Service Levels Agreements: Fostering Trust and Commitment

Service level agreements, or SLAs, are contracts entered into by service providers and an end user—typically another business. Both large and small businesses utilize SLAs with service providers, though at least arguably it is the larger businesses who possess more bargaining power when contracting under SLAs. In addition, SLAs are out-based contracts that exist primarily […]

Small Businesses and the Procurement of Federal Contracts

This year, the federal Small Business Administration’s Office of Advocacy released a detailed report containing an independent assessment of the implementation of the small business procurement goals that were ordered by the National Defense Authorization Act of 2013 (NDA). Section 15 (g) of the NDA created federal procurement goals aimed at assisting small businesses nationwide […]

How Contract Law Affects Small Businesses

The last thing a small business owner wants to think about is what type of legal forms to use when entering in contractual agreements. Contracts take time to draft, they are complicated and very dry. Some business owners would like to have them drafted professionally, but they are worried about the price. A solid contract, […]