5 DETAILS TO COVER IN EVERY CONTRACT
A s you well know, contracts are the lifeblood of small businesses, which means that you want to make yours not only solid, but also straightforward and clear. Missing details can turn a contract into fodder for disagreements, so it’s better to spell it out clearly now. Here are five things you’ll want to include in any contract. 1. DEFINE WHAT YOU WANT TO PROTECT. You’re probably going, “Duh!” But it’s amazing how, when you don’t write it down, things get missed. The devil is in the details. Make a list, check it twice, and make sure your partner or client is aware of what the contract covers — especially when it comes to money. Write it down, highlight areas involving money, and make sure both parties know what’s expected. 2. CHOOSE WHICH STATE LAWS WILL BE APPLIED. If the entities involved live in different states, you get to choose which states’ laws will apply to the contract. Generally, choose to go by the laws for the state you live in, and stipulate that any litigation happens in your legal backyard.
3. WHO IS INVOLVED? Again, “Duh,” and again, too many people have had issues because of this. For example, you look at the top of the contract and notice your personal name is listed instead of your business name. As it is, that could create personal liability for anything that happens under the umbrella of your business. Make sure both parties’ names are listed correctly. 4. DEFINE THE DEADLINES. A breach of contract because of a deadline that no one could meet is a crummy thing. Go over each deadline or mention of a date, highlight these, and make sure that they are doable. 5. ARBITRATION, MEDIATION, OR LITIGATION? You don’t like to think about disputes, and hopefully there won’t be any. But the future is uncertain, and preemptively defining how you’ll address them before they happen will make them less costly and more amicable. Define how you’ll deal with disagreements — litigation is usually more expensive than mediation or arbitration.
If you have any questions as you’re working through your contract, give Reib Law a call.
1. In a mixing bowl, combine gelatin and 1/2 cup cold water. Let sit while you make the syrup. 2. In a small saucepan over medium heat, combine sugar, syrup, salt, and 1/2 cup water until the sugar dissolves. 3. Raise heat to high and bring syrup up to 240 F, using a candy thermometer to check for temperature. • 3 packages unflavored gelatin • 1 1/2 cups granulated sugar • 1 cup light corn syrup • 1/4 teaspoon kosher salt • 1 tablespoon pure vanilla extract • Powdered sugar, to coat HOMEMADE MARSHMALLOWS INGREDIENTS DIRECTIONS
TAKE A BREAK
4. With an electric whisk on low speed, slowly whisk syrup into gelatin mixture. Switch speed to high and whip for 15 minutes, until very thick. Fold in vanilla after whipping. 5. Dust a nonmetal baking dish with powdered sugar and spoon mixture into dish. Smooth mixture, top with more powdered sugar, and let stand uncovered overnight. 6. Cut into squares, decorate, and serve.
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