Most founders are good at many things. Building product, selling to customers, recruiting a team, managing cash. Contract negotiation is usually not on that list, and for a very understandable reason: you learn it by doing it badly first. The problem is that the cost of learning contract negotiation through bad deals is not a […]
Category Archives: Contracts & Agreements
15
May
May
If you opened this page because you run a gym, a boutique fitness studio, a recovery lounge, a med spa, or any kind of wellness business in the United States, you already know that the legal side of this industry has gotten significantly more complicated in the last few years. Membership contracts, injury liability, health […]
13
May
May
There is a moment most startup founders recognise. A contract arrives from a customer, an investor, or a supplier. It is forty pages long. You are busy. The other side wants it signed this week. You scan the commercial terms, see that the price and the deliverables look right, and decide that the rest is […]
12
May
May
At a glance: an indemnity clause is a contract provision where one party agrees to cover specific losses, damages, legal costs, or liabilities suffered by the other party if certain events occur. These clauses are commonly used in commercial, SaaS, employment, and technology agreements to allocate financial risk between the parties. Depending on how the […]
11
May
May
Why a contract is the most important document your business will sign A business contract is a legally enforceable agreement that fixes, in writing, what each party must do, what they are owed, who owns what, and what happens when something goes wrong. For a startup or growing company, it is rarely the contract you […]
09
May
May
Most people assume that once money is in their account, it is theirs. A clawback clause says otherwise. It is one of the least understood provisions in commercial and employment contracts, and one of the most financially consequential when it gets triggered. A well-drafted clawback clause can legally require a person or business to hand […]
23
Apr
Apr
You’ve been handed a contract. Maybe it’s for a new job, a vendor agreement, a lease, or a business partnership. It’s 12 pages of dense legal language, and you have no idea what half of it means. So you think: maybe I should have a lawyer look at this. Then comes the dreaded question, how […]
14
Apr
Apr
Most startups don’t fall apart because of bad products or a tough market. They fall apart because two people who started as friends, colleagues, or classmates never had a real conversation about what happens when things get complicated. At My Legal Pal, our lawyers have reviewed hundreds of founder disputes, and almost every single one […]
06
Apr
Apr
Most people hear the term “1099 contract” and assume it is just a tax thing. It is not. The 1099 refers to a tax form, yes, but the contract itself is a full legal agreement that governs an entire working relationship between a business and an independent contractor. Getting it right matters more than most […]
03
Apr
Apr
Most startups die for the usual reasons. Running out of money. The wrong market. A product that never finds its people. But some startups die for a reason that never makes it into the post-mortems: a single missing clause in a contract they signed before they knew what they were doing. The Limitation of Liability […]