When entering into long-term vendor agreements, the focus shifts significantly toward nurturing and managing the ongoing relationship. These contracts are not merely transactional. They’re dynamic and require regular reviews and updates to adapt to the evolving needs of both parties. Here’s how businesses can effectively manage these longer commitments: Annual Review of Terms Long-term relationships benefit from Read More

Vendor agreements establish the foundation of your business relationships and operations.  These documents delineate financial transactions and set the stage for how services are rendered, define timelines, and detail how disputes will be resolved. In Part I of this series, we discussed the essential elements of vendor agreements; now, we will take a closer look at short-term considerations. Payment Read More

Service agreements are the unsung heroes of the business world—they're the backbone of countless business operations, ensuring that everything runs as expected, from timelines to payments. Forget about the spotlight-stealing mergers and headline-making corporate scandals; it’s these everyday contracts that keep the gears of commerce smoothly turning. In this series, we’ll dissect these agreements, starting with the Read More

No matter what industry you’re in, the certainty of legal challenges is as consistent as the market's demand for innovation and growth. Effectively handling challenges requires a legal advisor who is not confined to just traditional counsel roles but is equipped with robust litigation skills. The unique dual expertise of a business attorney who also practices as a litigator provides a strategic edge essential for any Read More

In recent years, the function of attorneys within corporate environments has shifted significantly. Previously viewed largely as defenders in legal disputes, their role now includes major contributions to strategic business decisions and risk management. Proactive financial planning for legal contingencies significantly influences a company's operational success. It also potentially opens the door to additional Read More

The below is merely informational and does not communicate, whether intentionally or otherwise, any legal, compliance or other advice. In our February 2023 Client Alert, we advised that the Federal Trade Commission (“FTC”) had issued its proposed rule prohibiting non-competes nationally, an early policy initiative of the Biden Administration. Over a year later, on April 23, 2024, the FTC issued its 570-page Final Read More

Executive employment agreements form the cornerstone of a successful and clear relationship between executives and the organizations for which they work. These documents are more than mere formalities; they are comprehensive contracts that outline the expectations, duties, and rights of both parties. By establishing these parameters from the outset, both the executives and the company can benefit from a structured Read More

The below is merely informational and does not communicate, whether intentionally or otherwise, any legal, compliance or other advice. Ostensibly intended as an anti-money laundering tool, the Corporate Transparency Act (CTA) constitutes a significant intrusion by the federal government into the affairs of domestic and foreign corporate entities otherwise excluded from U.S. public disclosure requirements. Effective Read More

BAKER JENNER CLIENT ALERT! The below is merely informational and does not communicate, whether intentionally or otherwise, any legal, compliance, or other advice. In our blog article, to be released later this month, we discuss the Corporate Transparency Act or “CTA,” which became effective January 1 of this year. The CTA is a sweeping piece of federal anti-money laundering legislation that, if it stands – Read More

Building on the foundational practices of managing employee complaints, it's crucial to delve deeper into advanced strategies that not only address immediate concerns but also reinforce long-term legal compliance and workplace harmony. In this part II discussion, we explore additional facets of complaint management, including proactive measures, advanced interviewing techniques, and the integration of complaint Read More