Contracts are an essential component of many business relationships. When a small Colorado business chooses to hire a new employee or work with a new vendor it will likely create and execute a contract to govern the terms of their relationship. Contracts, also called...
Contracts
Social media policy changes can cause havoc for small businesses
Social media has upended the traditional ways businesses advertise and generate word-of-mouth among their customers and potential customers. Many small businesses in the Denver area have built their entire media strategies around social media. However, these...
Build a better contract
Drafting a contract that accomplishes all your business goals while addressing all possible complications is not easy. The language in a contract should be clear and the parties should make sure they agree on every point.The most important point in drafting a contract...
What types of contracts must be in writing?
It's always a good idea to get a business agreement down on paper, but sometimes, for one reason or another, it doesn't happen. Most businesspeople in Colorado are familiar with the so-called handshake deal, and other types of contracts that are not necessarily in...
Businesses backing away from e-commerce over tax concerns
Since the beginning of e-commerce as a force in the marketplace, business leaders and lawmakers have argued over how to handle the issue of sales taxes. If a website for a Denver company sells a widget to a customer in another part of Colorado, should the customer pay...
State electric vehicle plan opens new opportunities
While the move away from burning fossil fuels remains a contentious issue in the federal government, Colorado is moving ahead with a cleaner-energy future. Earlier this year, Gov. Jared Polis signed an executive order intended to promote the use of electric...
When does a court refuse to enforce a contract?
When deciding on a contract dispute, a court first determines whether the parties had a valid contract. The court must find that one party made an offer, the other accepted it, and they must have exchanged something of value in exchange for a promise.This last element...
Best practices to avoid nonperformance in contract disputes
When it comes to doing business, most businesses couldn't perform without the use of, or partnership with, other businesses. In theory, being is business is just as much about your customers as it is about the vendors you are engaged in business with. This is why it's...
When can I sue for breach of contract?
If you are a small business owner, you are probably surrounded by more contracts than you realize. Between clients, customers, vendors, contractors, loans and purchase agreements, you have likely signed on the dotted line more than a few times. Unfortunately, you have...
Negotiating business contracts can be complex
Businesses in Colorado negotiate contracts every day. It is hoped that through these negotiations the parties can reach an agreement that they are both satisfied with. However, negotiating the details of a contract can be a complex endeavor, as both parties want to...