The Covid-19 pandemic has raised many legal issues arising from businesses failure to meet their contractual obligations. What many people often view as boilerplate language, that is rarely used, is now becoming the focus of virus-related lawsuits. The clause many business owners are relying on for failure to perform is known as the force majeure […]

Retention contracts are often drafted by the employer and given to the employee to sign. It is important to understand that you do not have to accept the agreement “as is.” The employer is making the employee an offer, which can be (and should be) discussed and negotiated, before it is finalized. In fact, most […]

If your employer is offering you a retention bonus, not only should you confer with an experienced attorney, but also consider the following: ● What is your employer’s motivation for offering you the bonus? Is the business facing a major change or other organizational disruption? Do you foresee the company being prosperous or facing hardship? […]

If you are an employer considering offering a retention bonus to some of your key employees, it is important to consider whether this is the best option. If your company is facing a time of change or disruption, the typical approach is to induce your executives or star performers with a financial incentive to stay […]

If you are planning to start a new business in California, you need to consider many items to ensure your success. Consider the following tips to start your new company on the right foot: Create a Business Plan Many small business owners think that having a good idea is all they need for their new […]

If you are a business owner, then you are fully aware that most industries can be very unpredictable. This is especially true when there is a worldwide pandemic! Many business owners find themselves wondering if they can terminate their commercial lease early. Because your lease is a binding contract, you cannot simply turn the keys […]

What happens if you sign a retention contract and later change your mind? First, it is important to note that before you sign this type of agreement you should confer with a knowledgeable attorney who can make sure you are considering all your options and help prevent regret later. Second, if you have already signed […]

If you have entered into a retention agreement with your employer and you are offered your dream job during the retention period, it can create quite a dilemma for you. Many people make the mistake of thinking there is no way to take the new job without losing the retention bonus they would’ve received if […]

If you are offered a retention bonus, your first instinct may be to readily accept it because unexpected money is always exciting. However, before you go with your first instinct, take time to consider the following: ● Read the contract closely and make sure you understand all its terms. You should also confer with an […]

Many people make the mistake of thinking language requiring them to keep an agreement confidential is simply boilerplate language in a contract and they fail to take it seriously. However, this type of provision should be read and understood before you sign a contract because it can come back and bit you if you breach […]