At Law 365, we are proud to be able to offer this exclusive service. But we`re also proud to translate complex legal jargon into English, so you can understand exactly what you`re signing up for. In short, we speak your language – and we are specialized to give you full control of the legal agreements you enter into, as our satisfied clients prove: a well-developed partnership agreement shows the relationship and responsibilities between two or more business partners. The operating contract also sets the tone for each partner`s individual obligations, capital contribution, profit/loss distribution, ownership shares and a partnership dissolution clause. This merger is very different from a partnership because there is no transfer of ownership. Above all, it is something that two small businesses know to join forces and try to beat their competition in the marketplace. In most cases, a party that has signed the confidentiality agreement undertakes not to disclose any information received from other parties. However, these agreements may also be reciprocal, i.e. both parties exchange confidential information and agree not to disclose that information.
In addition, these agreements may protect the interests of a family of shareholders in the event of the death of a shareholder. There are different types of business law agreements, some of which are part of normal activity and others designed to protect businesses from adverse legal situations. Some common agreements include partnership agreements, compensation agreements and confidentiality agreements. The last, but especially among the business contracts we are going to talk about today, is the promised note. It`s a legal type of IOU. It can be used if someone wants to lend money to your business. The note becomes a legal listing of the loan and indicates the terms of repayment as well as the interest rate and possible penalties related to late payments or late payments. Stephenson`s specialized lawyers can help you make the transition from the individual entrepreneur to the company with minimal effort and deal with all legal aspects to protect you and your interests.
They can save you time and money in all aspects of commercial law and transfer agreements, so you can focus on achieving your business goals and make the leap from the individual entrepreneur to the business owner.