Costs Associated With Termination for Default Clause

Under what authority can the contracting officer terminate a contract for default or cause? When assessing costs associated with the Termination for Default Clause, you must first understand the government’s rights. Under government contracts law, if your contract contains the Default clause at 52.249-8, the Government has the right, subject to… Read more »

Contract Disputes –Government and Business

A contract dispute may come in varying shapes and sizes.  Whether you are a Government contractor or a Small Business, contracts dispute can take a toll on your work and ultimately cost you money.  While the best option is to have an attorney draft or review any contract before signing,… Read more »

Covenant Not to Compete Definition & Colorado Non Compete Agreement Law

Non compete agreement clause definition, restrictive covenants, or a covenant not to compete in Colorado is a contract by the restricted party (e.g. an employee) not to engage in business activity that is in competition with the other, protected party (e.g. an employer).  The Colorado Non compete Statute can be mere restrictive covenants provision… Read more »

Material Breach of Contract Definition

Meeting the Material Breach Definition is Essential to Winning Your Case The material breach of contract definition is one that goes directly to the crust of the agreement. When there is a dispute, and you are bringing a claim, then is the time to claim that the alleged breach was… Read more »

Limited Liability Company LLC Advantages and Disadvantages

Understand the Basic Steps to Setting up an LLC in Colorado However, depending upon the business’ goals and structure, there could be some pros and cons when you are creating an LLC in Colorado.  Understanding LLC advantages and disadvantages is a critical step to take before starting a business. Limited Liability Company LLC… Read more »

What Is Business Law?

The legal analysis of Business law includes regulatory and statutory guidelines to which owners must comply. For example, under Colorado business laws include regulations that govern limited liability companies, business partnerships and more.   If you are operating a commercial business that includes the sale of goods, understanding the basic principles of… Read more »

What is Discrimination in the Workplace?

Information for Employers Knowing what is discrimination is valuable information for employer defense. The most easily understood type of employer discrimination in the workplace is “disparate treatment.” As an employer, you can find yourself defending a lawsuit just because you (your company) treated some people less favorably than others because… Read more »

Basic Difference Between Unilateral Contract and Bilateral Contract

A Unilateral contract is vastly different from a bilateral contract. The elements of a contract are previously discussed in our Contracts article.  There are two main types of contracts: bilateral and unilateral. A Promise for Performance. By comparing the difference between Bilateral and Unilateral Agreements, a bilateral contract constitutes a… Read more »