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September 2016 Archives

Can you get out of a business contract early?

If you and the other parties have done due diligence, you might find yourself in a contract that seems locked down tighter than the federal Mint. Hopefully your due diligence also included exit strategies in the contract, though you might find you need to pay out a bit of cash to exit the legal relationship. Getting out of a contract doesn't always require a serious breach, and you can work with a business law attorney to figure out what your options are with a specific agreement. In the meantime, here are a few common ways you can slip out of a contract.

Should you look for a location to start your business?

One of the mistakes many new business owners make is opening a stand-alone location right away. If you aren't going to have walk-up business or serve in the retail or restaurant niche, consider carefully whether you need a business location. This can be one of the largest expenses for a newly formed business, and you can save tens of thousands in the first year by taking a more frugal stance.

How much uninsured motorist coverage do you need?

The answer to the question of how much uninsured motorist coverage you need isn't always simple. While everyone certainly needs insurance, especially car insurance, how much coverage you need really depends on your lifestyle, your car and your goals for protection. If you are someone with a lot of personal property, for example, you might want a high level of insurance to protect that property from a lawsuit should you ever cause an accident.

Staying litigation-safe with advertising claims

Once you launch your business, you'll probably want to drum up more customers on a regular basis. That involves advertising and marketing, which you have to ensure is in line with legal requirements. It can be difficult to know where the lines are and how you can create enticing marketing campaigns without making what might be seen as false or unlawful claims. This is why working with a business law professional to vet new campaigns can be a good idea.

Some good steps for starting a new business

You're tired of the corporate grind and ready to branch out on your own, but you're flustered by the statistics that indicate new companies have an uphill battle. While you can't do anything to guarantee your business idea will make it, you can take steps to ensure you have the best possible chance.

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Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
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Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
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