Sweepstakes Disclaimers: The Small Print Matters

Sweepstakes Disclaimers: The Small Print Matters   Sweepstakes, contests, and similar promotions can be an extraordinarily effective tool to create brand awareness and attracting new customers lured by the possibility of winning a prize. Although the upside of sweepstakes are clear, many businesses ignore the potential downside.  All sweepstakes and contests must comply with various statutes, […]

How to Keep Your Non-Binding Term Sheet Non-Binding

How to Keep Your Non-Binding Term Sheet Non-Binding Most business deals start with an informal document memorializing the terms of the transaction to be negotiated.  Known interchangeably as a Memorandum of Understanding (MOU) or Letter of Intent (LOI),  such documents are often intended to be non-binding.  In some circumstances, however, parties can be bound to a “non-binding” […]

General Partnerships vs. Limited Partnerships

General Partnerships vs. Limited Partnerships Tony decides he needs help opening his online shoe store.   He calls his old friend Steve, a marketing guru, who agrees to provide him with marketing services in return for a cut of the profits.  He also reaches out to his accountant friend Thor, who agrees to handle the company’s […]