Business Contracts | Contract Solutions

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Contract Solutions welcomes

Northeastern Massachusetts Business Clients

Estate Planning Clients

AND

Clients needing NON-TRADITIONAL ESTATE PLANNING services.

Let’s Do Business Together Contracts

Around here we place a high value on collaboration and mutual understanding. Contract drafting is not simply my task; it’s a partnership where your insights and input are integral. With a keen eye for detail and a substantive understanding of legal terms and conditions, we join forces in the contract drafting process. Each contract we develop together is comprehensive, clear, and designed with the mutual goals of safeguarding your interests, minimizing potential risks, and fostering agreement.

We actively encourage you to read, critique, and question our work as it unfolds because we value your perspective and understand its importance in creating legally sound contracts that cater to your specific needs and situations. Your trust, security, and satisfaction are at the forefront of our collaborative efforts.

Limited Liability Companies have the ability to operate with fewer formalities than corporations. Members (owners) of Limited Liability Companies are shielded from legal responsibility for the financial obligations of the company and of other members PROVIDED THAT they maintain and operate the company as a separate entity.
A simple Single Member LLC Operating Agreement identifies the primary business of the company and sets forth operating rules for forming, maintaining, and operating the company as a separate entity.
Multi-member Limited Liability Company Operating Agreements are necessarily substantially more complex. Their development is time consuming and expensive. Among other issues, multi-member agreements routinely address capitalization and contribution requirements, classes of membership, voting rules, management style (by members, by managers, or hybrid), taxation, member roles and obligations, member rights, transfers of member interests, termination and dissolution, and the sale of the business to name a few.
At a minimum, operating as a separate entity means obtaining a tax identification number for the company, opening and maintaining a bank account in the name of the company, adequately capitalizing the business, and always keeping company funds separate from personal funds.
Contract Solutions provides LLC entity formation services. See more about the benefits of the LLC entity type in our

Employment Contracts: These agreements define the terms of employment between an employer and employee, outlining responsibilities, compensation, benefits, confidentiality obligations, and termination procedures. They protect both parties’ rights and provide clarity on job expectations.

Key elements typically included in an employment agreement are:

Job Description: Details the role and responsibilities of the employee, providing clarity on what is expected of them in their position.

Hours of Work: Specifies the working hours, including full-time or part-time status, and any expectations regarding overtime.

Salary or Wages: States the compensation the employee will receive, which can include base salary, bonuses, and other benefits.

Duration of Employment: Indicates whether the employment is for a fixed term or ongoing, and may include conditions for renewal or termination.

Confidentiality Clauses: Outlines any confidentiality requirements, protecting sensitive information related to the employer.

Non-compete Clauses (if applicable): Restricts the employee from working with direct competitors for a certain period after leaving the company.

Termination Conditions: Specifies the conditions under which either party can terminate the agreement, including notice periods and any grounds for immediate termination.

Other Benefits: Includes details on any additional benefits such as health insurance, retirement plans, or stock options. For certain matters not detailed within the employment agreement, the agreement may make reference to an employee handbook.

An employment agreement serves as a legal document that protects both the employer and employee by clearly defining the terms of employment and expectations from both parties.

It is wise to have some form of employment agreement with all of your employees. In some cases that may be as simple as an offer to pay a person a certain hourly rate for a performing certain tasks; and that person’s acceptance of that offer expressing a willingness to perform the requested tasks.

In many cases however, you will want an employment agreement you can count on to do much more, such as protecting your interests in your property, and keeping confidential your trade secrets and other confidential information,

Patent License Agreements: These are legal contracts in which the owner of a patent (the licensor) grants permission to a third party (the licensee) to use, make, sell, or import the patented invention for a specified period. The agreement outlines the terms of this license, including the scope and exclusivity of the rights granted, the geographical area where the patent can be used, royalty payments, and the responsibilities of each party. Patent Liceses provide a way for patent owners to monetize and protect their inventions while allowing others to benefit from the patented technology.

Contract Solutions is the Legal Wordsmith you can count on to help you construct the patent licensing agreement that will best protect your interests.

A confidentiality agreement is often the first binding contract entered into between businesses. You may know it as an NDA, Non-Disclosure Agreement, or CDA. However named, its general purposes are:

safeguard trade secrets, confidential information and property from unauthorized disclosure, from misuse and from misappropriation; and
provide adequate remedies if a party suffers damages as a result of a prohibited disclosure or use of its trade secrets, information or property.

Confidentiality and Non-Disclosure Agreements (CDAs / NDAs) serve the primary purpose of safeguarding sensitive information shared between parties, ensuring that confidential data remains protected. These agreements are commonly used in various contexts, including business transactions, employment relationships, and collaborations with third parties.

Traditional Provisions:

Definition of Confidential Information: Clearly defines what constitutes confidential information, providing a comprehensive list or description.
Obligation to Protect: Imposes a legal obligation on the receiving party to maintain the confidentiality of the disclosed information.
Purpose of Disclosure: Specifies the purpose for which the information is being shared and limits its use to that specific purpose.
Duration of Confidentiality: Sets a timeframe during which the information must remain confidential. Typically, this is for a specified number of years or until a certain event occurs.
Exceptions: Outlines exceptions to confidentiality, such as information already in the public domain or obtained from another source.

Protective Provisions:

Non-Disclosure: Explicitly states that the receiving party is prohibited from disclosing or sharing the confidential information with third parties.
Non-Use: Prohibits the receiving party from using the confidential information for any purpose other than the specified one.
Return or Destruction: Requires the receiving party to return or destroy all copies of the confidential information when the agreement’s purpose is fulfilled.
Non-Compete: May include a non-compete clause that restricts the receiving party from engaging in similar activities or competing with the disclosing party during and after the agreement’s duration.
Remedies: Specifies the remedies for breaches of the agreement, which may include injunctive relief or monetary damages.
Governing Law: Designates the jurisdiction and laws that will govern the agreement and any disputes arising from it.
Severability: Includes a severability clause to ensure that if any provision of the agreement is deemed invalid, the remainder of the agreement remains in effect.
Notice: Defines the process for giving notice in case of a breach or any other matter related to the agreement.

CDAs/NDAs are essential tools for protecting sensitive information, fostering trust between parties, and preventing unauthorized disclosure or use of confidential data. These agreements are customized to suit the specific needs and requirements of the parties involved, and they play a crucial role in maintaining the integrity of confidential information in various business and legal contexts.

Though there may be more use of the unilateral confidentiality agreement, an employee signing one as a condition of employment as example, for business to business transactions, the more complex Mutual NDA is common.

SERVICE AGREEMENTS

When recurring services are not anticipated, a single Service Agreement would combine applicable provisions of a Master Services Agreement with a Work Order section or attachment.

MASTER SERVICES AGREEMENTS

A Master Services Agreement (or MSA) serves to create standard terms between parties when recurring services by the Service Provider party for the Service Recipient party are anticipated.

An MSA might typically address obvious matters like: worker qualifications, quality expectations, termination of services, termination of the agreement, reporting, invoicing schedules and payment terms.

Other potentially important concerns include: solicitation of customers or employees, intellectual property rights, confidentiality, use of materials, representations, warranties, insurance, indemnification, liability limitations, remedies and damages.

The MSA provides for multiple intermittent Statements of Work (SOW’s, Work Orders, or similarly purposed documents) that identify particular services, deliverables, time frames, personnel involved, pricing and other matters applicable to that individual SOW.

The MSA/SOW framework is used by small businesses (a business consultant for example) and much larger companies (major software development companies and major R&D companies, as examples).

Contracts Mean Business: They are an integral and absolutely necessary part of running a business. Contracts create private law that is enforceable by the courts. Always understand what you are signing.

Tom O’Donohue, founder of Contract Solutions LLC, has over 30 years experience crafting, reviewing, negotiating, and modifying dozens of contract types.

This is a Sample List…Contract Solutions has practical, hands-on experience crafting, interpreting, explaining, and negotiating business critical contracts for:

Purchase or Sale of a Business contractsolutions.law/purchase-or-sale-of-business

Business Separation.

Business Separation

Cloud Computing Services
Business Code of Ethics
Consulting Agreements
Corporate By-Laws
Customer Sales and Service
Distribution Agreements for Manufacturer’s and for Distributors
Employee Confidentiality and Inventions
Employee Policy Manuals
Employment
Employment Offer Letter
Employment Separation/Severance
Health Care Business Associate (BAA)
Incentive Plans
Independent Contractor
Intellectual Property Licensing
Invention Assignment
Joint Ventures
Leases (Real Estate/ Business Equipment)
Letter of Intent /. Term Sheet
Liability Releases
LLC Operating Agreements
Managed Services
Master Services Agreements & Statements of Work
Non-Competition
Non-Disclosure / Confidentiality (NDA/CDA)
Non-Profit Bylaws
Non-Solicitation
Notes and Payment
Partner Buy-Sell Agreements
Partnership
Patent Licensing
Postnuptial Agreements
Power of Attorney
Prenuptial Agreements
Purchase & Sale (Business / Property)
Release of Claims
Research and Development (R&D)
SAAS Agreements
Sales Agency / Sales Representative
Sales Compensation
Settlemements
Software Development
Software Licensing
Stock Purchase
Stock Restrictions
Subscription Services
Temporary Labor
Term Sheet / Letter of Intent
Vendor Agreements (agreements Made with Vendors)
Website Terms of Use

ATTORNEY ADVERTISING: The Contract Solutions website provides general information only. Nothing on this site constitutes a legal opinion related to any facts or circumstances. Nothing on this site is intended to be legal advice, and nothing should be interpreted as legal advice.

Neither the information presented on this site, nor the use of any content accessible by way of this site, forms a Lawyer-Client relationship.

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Let’s Do Business Together Contracts