Contracts
Early Termination Agreement
Pennsylvania
can a loan that was signed at north carolina car dealer 4 days ago be canceled and how long do i have to do so
can a loan that was signed at north carolina car dealer 4 days ago be canceled and how long do i have to do so
Answers from 1 Lawyer
Answer
Contracts
Pennsylvania
Cindy A.
ContractsCounsel verified
May 5, 2022
Typically there is a clause in the agreement that shows how long you have to cancel the agreement.
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Contracts
Purchase Agreement
Pennsylvania
Purchased monitor Camera From Lorex technologhy.com valued $1,200 , only delivered 6 out of 10 Camera , usung credit card , happened A month Shi , now payment in pending , It dosen’t stay long , can We Dispute It ?
Website purchased From LorexTechlologhy.com Usung credit card , send to Address in Philadrlphia PA
Samuel R.
Yes you can dispute this. Have you contacted the company and notified your credit card company?
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Letter of Intent
Pennsylvania
Letter of intent
I registered a startup clothing boutique in PA and I planned to attend a fashion trade show to purchase from wholesale vendors. Because I am a startup and my business is not up and running I am required to provide a letter of intent for my boutique. How do I go about getting a letter of intent signed by lawyer?
Amy Sue L.
A "letter of intent" is typically not signed by a lawyer, it is signed by two or more parties who intend to enter into a transaction together in the future, but who do not yet have sufficient details regarding the terms of the transaction to enter into a formal agreement. Has the trade show given any additional info / context about this request? - I think your question has not been answered because your use of the term "letter of intent" and "lawyer" in this context is unusual. More information about what you mean by "registered a startup" would also be helpful - if you have formed a company, you should be able to provide a certificate of good standing or other evidence of that formation to the show, which may be sufficient. If you cannot provide that documentation, I wonder if you are also using the term "registered" in another, non-traditional way (from a legal point of view)? Happy to try to help with more info!
Read 1 attorney answer>Startup
Equity Agreement
Pennsylvania
How much equity should investors get?
Hi there, I'm seeking counsel for a startup/small business with two initial investors. These investors have established auto repair businesses and will use those businesses as leverage to support a $500k loan that will be used to initially fund the business. Revenues from those businesses will be used to pay the loan until the business can pay for them. I will be providing all sweat equity. The investors above will have no involvement in the day-to-day (as they run their own businesses). One investor may provide connections to potential clients and if necessary, an additional investor.
Ryan W.
The answer as to how much equity to give an investor depends upon a variety of factors. One way to look at the situation is to try to place a value on your business. Once you have determined an appropriate value for your business, then determine how much money an investor is providing the business. From here you could figure out the percentage of equity based upon the investment and value of the business.
Read 2 attorney answers>Contracts
Business Contract
Washington
Business contract with non-disclosure?
I am a small business owner looking to enter into a contract with another party. I am concerned about protecting my intellectual property and proprietary information that I will be sharing with the other party. Therefore, I am looking for advice on how to draft a non-disclosure agreement that will adequately protect my interests.
Merry K.
Creating a Non-Disclosure Agreement (NDA) is a crucial step to protect your intellectual property and proprietary information when entering into a contract with another party. Here's a step-by-step guide on how to draft an NDA that will help safeguard your interests: Understand Your Needs: Clearly identify what specific information you want to protect. This could include trade secrets, business plans, customer lists, product designs, or any other sensitive information. Consult an Attorney: It's highly recommended to consult with an attorney who specializes in intellectual property or contract law. They can provide you with tailored advice and ensure your NDA complies with applicable laws in your jurisdiction. Basic NDA Structure: Title: Start with a clear title such as "Non-Disclosure Agreement" or "Confidentiality Agreement." Parties: Identify the parties involved, including your business and the other party. Recitals or Purpose: Include a brief statement explaining the purpose of the agreement, such as why the parties are entering into it. Definition of Confidential Information: Define what constitutes confidential information. Be as specific as possible to leave no room for ambiguity. Obligations of the Receiving Party: Clearly outline the receiving party's obligations, including: The duty to keep the information confidential. The prohibition on disclosing, sharing, or using the information for any purpose other than the specified one. The requirement to use reasonable care to protect the information. Duration of Confidentiality: Specify the duration for which the information must remain confidential. This could be for a set number of years or until a specific event occurs. Exclusions from Confidential Information: Clearly list any information that is not considered confidential. This could include information that was already public, independently developed by the receiving party, or disclosed with your written consent. Consequences of Breach: Describe the consequences of a breach of the NDA, such as injunctive relief, monetary damages, or both. Jurisdiction and Governing Law: Specify the jurisdiction where disputes will be resolved and the governing law that will apply. Miscellaneous Provisions: Include any other necessary clauses, such as dispute resolution methods, severability, and the entire agreement clause (which states that the NDA constitutes the entire agreement between the parties). Execution and Signatures: Provide spaces for the signatures of both parties, along with their printed names and dates. Review and Negotiation: Allow both parties to review and negotiate the terms. Be prepared for some back-and-forth discussions before reaching a final agreement. Legal Counsel Review: Before finalizing and signing the NDA, have your attorney review it to ensure it meets your specific needs and is legally enforceable. Remember that NDA templates are widely available, but they may not fully address your unique situation. It's essential to tailor the agreement to your specific needs and consult with legal professionals to ensure it adequately protects your intellectual property and proprietary information. Additionally, you should make sure that the other party understands the terms and willingly agrees to them before proceeding with any confidential discussions or transactions.
Read 1 attorney answer>Contracts
Independent Contractor Agreement
Washington
How detailed should the contractor agreement be?
I am a small business owner and I am looking to hire an independent contractor to work with my business. I want to ensure that the independent contractor agreement is thorough and legally binding, but I am not sure how detailed it needs to be. I want to make sure that all the relevant terms and conditions are included in the agreement to protect both parties.
Merry K.
The agreement should be as detailed as possible, including details on how to dissolve the contract for various reasons. The scope of work should be included - if it's likely to change once in a while, include that as an addendum and note that it will change from time to time. Whenever it's going to change, execute a new addendum that both parties sign and date. It is your job to protect yourself, not the independent contractor - write the contract so that it strongly favors you; if the independent contractor wants to change it before signing, that is a question of negotiation.
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