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Well-written business contracts are essential to a company’s success. Although business transactions would likely be much simpler if parties could simply be trusted to keep their word, this is unfortunately not how the business world actually works.

If you are considering purchasing a small business, you may understandably be experiencing a mix of excitement and apprehension. Being a small business owner can have tremendous personal and financial rewards, but the decision to purchase a business is not one to take lightly.

Similar to any purchase in life, the acquisition of a commercial business is a major process that requires every detail to be examined. Due to the nature of a commercial business purchase, both the buyer and seller should seek legal representation to ensure that their rights and interests are protected.

In order for any business to be successful, it must be able to grow and develop. While there are many ways to foster the expansion of a business, these techniques may require significant financial resources.

A noncompete agreement is a type of contract that prohibits an employee from entering into competition against his or her employer. Workers often have access to sensitive information about clients, customers, business operations, practices, strategies, and marketing plans, all of which can be used against an employer.

If you are a business owner, you know the vital importance of setting clear expectations for your employees. When a business is in its infancy and only has a small number of employees, you may be able to get away with verbally expressing rules and expectations to your workers.

Business dealings often involve the exchange of highly confidential information. A non-disclosure agreement (NDA) is an effective way for business owners and entrepreneurs to protect sensitive information from being shared or misused.

As a business owner, you likely have contractors, employees, clients, customers, and other individuals visiting your property regularly. It is your obligation to ensure that your property remains a safe environment to conduct business and sell goods or services.

Ideally, everyone would honor verbal promises or handshake agreements. Unfortunately, this is not the reality of the business world.

Becoming a business owner can be one of the most meaningful career moves of your life. Owning your own business allows you to control how your business is run, decide how your employees are managed, and steer the business in the direction that you want.