ROYAL OAK – Dennis Barnes and Erica Fitzgerald are partners at the law firm of Barris, Sott, Denn & Driker in downtown Detroit. They appeared on M2 TechCast July 25 to provide entrepreneurs and startups with some solid legal advice.
They explored the following questions:
Many start-ups and small businesses are asked to sign preprinted business contracts from customers or suppliers, or the purchase order says that it incorporates standard terms and conditions. Is this “fine print” really enforceable?
You have already negotiated and agreed on key business terms. But there are things you might have glossed over in your legal agreements that could have significant impacts.
What types of terms and conditions should a startup business be concerned about?
If there is an obligation to maintain a certain level of insurance coverage?
There are a lot of technology startups. Is there anything in particular they should watch for?
Barnes and Fitzgerald also discussed:
Agreements and Confidentiality Provisions.
Intellectual Property
Termination
Dispute resolution
To listen to the answers, click on https://soundcloud.com/podcastdetroit/m2-episode-43-legal-advice-for-entrepreneurs
