When you hire employees it is smart business practice to document the terms of their employment, including their salary or hourly wage, vacation time, probationary period and their job description.
There are a number of requirements the relevant authorities will examine when assessing whether or not a worker is an independent contractor or an employee and the team of lawyers at DNC Integra is well versed in interpreting these rules and advising you accordingly. The terms of your written contract become very important and we are able to draft these agreements for you.
When you are delivering products to clients on credit, having credit agreements in place can help you collect fees owed. Consider hiring a DNC Integra lawyer to search bankruptcy and personal property registries to look for current defaults.
When dealing with companies that are not well established, you may want an owner to personally guarantee repayment of the credit. This provides added level of protection if the company is not solvent.
When supplying goods, be aware that you only gain priority to those goods if you secure your interest and register that interest in the personal property registry. One way to secure your inventory is through a written agreement that title to those goods does not change hands until the debt is paid.
When sharing information with third parties (other than lawyers) consider requesting that they sign a confidentiality agreement to limit what they can do with any shared information.