This is a question I get a lot. I’ve even seen it asked in the comments section of the blog as well, so I thought I’d answer it here as well. The most common question we get asked is “How do I know if I have the rights to my business?” The short answer is, you don’t. There are no checks, balances, and clear laws to make sure your company is in the best situation to do what you want it to do.
This is a question I get a lot. I’ve even seen it asked in the comments section of the blog as well, so I thought I’d answer it here as well. The most common question we get asked is “How do I know if I have the rights to my business?” The short answer is, you don’t. There are no checks, balances, and clear laws to make sure your company is in the best situation to do what you want it to do.Yes, this seems almost like a truism in business. If money is involved, then there are laws that you break. If money is not involved, then there are no laws that you break. You can have the best law in the world and still have no money to pay for it. Also, the same thing applies to contracts. If you don’t have a contract, then you don’t have a contract.
This is a question I get a lot. I’ve even seen it asked in the comments section of the blog as well, so I thought I’d answer it here as well. The most common question we get asked is “How do I know if I have the rights to my business?” The short answer is, you don’t. There are no checks, balances, and clear laws to make sure your company is in the best situation to do what you want it to do.Yes, this seems almost like a truism in business. If money is involved, then there are laws that you break. If money is not involved, then there are no laws that you break. You can have the best law in the world and still have no money to pay for it. Also, the same thing applies to contracts. If you don’t have a contract, then you don’t have a contract.Well, if you have to make a contract, then you actually have to have a contract for one reason: you cant come up with a better contract if you do not have a contract. In a similar way, if you do not have a contract, then you can make a contract for all kinds of reasons. If you have a contract that does not include the right to cancel it, then you cannot even come up with a better contract.
This is a question I get a lot. I’ve even seen it asked in the comments section of the blog as well, so I thought I’d answer it here as well. The most common question we get asked is “How do I know if I have the rights to my business?” The short answer is, you don’t. There are no checks, balances, and clear laws to make sure your company is in the best situation to do what you want it to do.Yes, this seems almost like a truism in business. If money is involved, then there are laws that you break. If money is not involved, then there are no laws that you break. You can have the best law in the world and still have no money to pay for it. Also, the same thing applies to contracts. If you don’t have a contract, then you don’t have a contract.Well, if you have to make a contract, then you actually have to have a contract for one reason: you cant come up with a better contract if you do not have a contract. In a similar way, if you do not have a contract, then you can make a contract for all kinds of reasons. If you have a contract that does not include the right to cancel it, then you cannot even come up with a better contract.The owners of the company can make claims to all the assets of the company, and the company can then take an action if its owner claims there is not enough money to pay for the goods. The company could even go to court, and if the owner is found to be a cheat, then the business would go bankrupt. If you make a contract with someone that includes the right to cancel it, then you cannot even come up with a better contract.
