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Your profit-sharing agreement should spell out sweat-equity payments if you are going to run the business. For example, you might agree to a base salary and compute profits after that is paid.
A famous example of the enforceability of an oral contract occurred in the 1990s when actress Kim Basinger backed out of her promise to star in Jennifer Lynch's film Boxing Helena. A jury awarded ...
Business loan agreements generally are provided by the lender—especially when working with banks, ... For example, if the factor rate on a $10,000 loan is 1.2, ...
The public policy favoring enforcement of sale-of-business non-compete agreements stands in stark contrast to non-competes between employers and their employees triggered by termination of employment.
Partnership agreements are the foundation of any business deal. Look for these key income tax considerations.