Contracts are essentially the lifeblood of a business. They ensure that a company has the workers and facilities it needs to operate. Contracts lock in vendor delivery dates and supplier prices. They may help make outsourced services like payroll reliable. Companies...
Year: 2024
3 steps to take before active contract negotiations
The terms of many contracts can have a major influence on how beneficial arrangements end up being for a business. A contract can force a company to uphold specific terms, commit them to a long-term business relationship and lock them into pricing. Contracts also...
3 growth instances when businesses should review their contracts
Business contracts tend to serve as the backbone of entrepreneurial relationships because they define rights, duties and obligations between parties. As enterprises grow, these agreements should remain aligned with evolving business needs, market trends and...
3 common misconceptions about powers of attorney
Powers of attorney are arguably some of the most important estate planning documents people create. They are also some of the most misunderstood legal instruments. Many people have an aversion to powers of attorney because they have heard misinformation about these...
Understanding Louisiana’s “forced heirship” laws
Louisiana is a unique state in many ways. It has enacted laws that few, if any, other states have embraced. For example, many of its laws governing estate planning and succession are truly unique. Consider “forced heirship.” Louisiana is the only state in the country...
3 common mistakes made when negotiating business contracts
The terms included in a business contract can guide how a company operates and may dictate how profitable operations prove to be. Contracts can give a business access to leased commercial facilities. They can ensure that companies have appropriate talent provided by...
3 ways powers of attorney protect the people who draft them
Estate planning is a process that allows people to address what happens when they die. They can also plan for medical emergencies that could leave them incapacitated. Powers of attorney are among the most popular and valuable inclusions in comprehensive Louisiana...
Critical steps to take when transferring a family business
A family business could very easily be the most valuable asset in someone's personal portfolio. It is common for those who inherited, purchased or started a business to aspire to pass the organization to someone they trust when they retire or they die. Arranging for...
Don’t fall for these myths about estate planning
Understanding the importance of estate planning is crucial for young adults, yet many delay this process due to prevalent myths and misconceptions. Estate planning isn’t just for the elderly or the wealthy. Estate planning allows individuals to make arrangements for...
How can you plan for medical care if you become incapacitated?
Planning for medical decisions and care in the event of incapacity is critical to a comprehensive estate plan. It allows individuals to express their wishes regarding medical treatment and end-of-life care in advance. Anyone creating their estate plan should ensure...