An exciting step for any business is renting that first office, store, restaurant, or other space. Here are some tips before you start negotiating that lease agreement with the landlord.
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NDAs are typical contracts in the business world. However, they are not all the same. It’s important that you not only understand what’s in the NDA, but that you are comfortable with what it’s asking you to do. Don’t let the fact that they are so common make you think they are not to be taken seriously – many lawsuits come out of NDAs!
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Many will have a hard time answering this simple question: “What is a contract?” If your immediate answer is, “I don’t need to know, that’s what lawyers are for!”, you are in for a rude awakening.
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