O'Donnell Law Center : Lake of the Ozarks

As a small business owner, you will likely form multiple contracts. Employee agreements, purchase orders from vendors, services you provide to your customers, and lease agreements are just a few examples of the types of contracts you are likely to encounter. Contracts are designed to protect all parties involved in the agreement, ensuring that everyone receives the value promised to them. In most cases, all parties uphold their ends of the bargain and things progress without incident. However, in some cases, one party may fail to perform as agreed. In these instances, you may be required to take steps to enforce the contract in order to protect your interests. Our Lake of the Ozarks business attorney is here to examine what makes a contract enforceable and what steps you can take to begin the process. What Is A Contract? Essentially, a contract is formed when you agree to exchange things of comparable value with another party. For example, you agree to give customers your pr...

"I'm calling my attorney!" When you hear the above phrase in movies or the media, it's often sensationalized, used as a threat, or only uttered in extreme circumstances. As a result, many people mistakenly assume that they should only reach out to an attorney at the Lake of the Ozarks in times of crisis. While it is true that having an attorney on your side during an extreme situation is valuable, you don't have to limit your contact with your attorney to these scenarios. In fact, there are many everyday situations where an attorney's counsel can be helpful. O'Donnell Law Center is here to provide a few examples. Hiring And Managing Employees As a business owner, ensuring that the proper steps are taken when hiring employees is essential. In order to protect your company's interests, you'll want to ensure that every detail receives proper attention. As your trusted business legal team, we can help you draft solid employee agreements an...

As the owner of a brand new business, you have a lot of decisions to make. First and foremost, you'll have to determine what type of business entity you would like to use. Depending on your chosen structure (an LLC, for example), you may want to establish a business operating agreement. Even though you are not legally required to have an operating agreement, taking the time to set one up may prove incredibly valuable in the long run. O'Donnell Law Center is here to help! Business Operating Agreements As its name suggests, a business operating agreement is a simple but comprehensive document that outlines how a new business will handle certain situations. Sometimes known as LLC Agreements or Limited Liability Company Operating Agreements, these documents outline some of the procedures for your company, especially if things don't go as planned. Recommended Components Of An Operating Agreement As with most standard business documents, almost all successful operat...

No matter what industry you're in, your  company may encounter a variety of different hazards during its daily operations that can threaten the integrity of the business. A s a business owner, solid legal contracts are your first line of defense against the inevitable hidden hazards that may arise during your company's lifespan. At O'Donnell Law Center , we are frequently asked to review or prepare business contracts for various companies. This week, we thought we'd share a few examples of some of the different types of contracts a new company may need. 1. Employment Contract When you hire a new employee, you may want to ask them to sign a contract of employment. This contract outlines their responsibilities, your expectations, how certain disciplinary measures may be carried out, and anything else that may influence their performance while at your company. Having a thorough employment contract will give you the authority you need to enforce certain performance...