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Showing posts from June 14, 2020

The BUSKLAW June Newsletter: Failing Business Practices and Your Contracts

I've been practicing corporate law for 40 years. And I've been privileged to work with many talented business people. One of the most talented was the late Fred Meijer , who always wanted his legal team to not only be good lawyers but also to protect the company by searching out business gaps - and filling them.  So, partnering with my Meijer business clients, that's what I did, and that's what I'm still doing for other companies.  But some companies suffer from dysfunctional contracting. In my experience, the following failed business practices are common in the business world:  1.      Poor Contract Management and Retention. Does your company have a single point of contact for your contracts? In smaller firms, this could be your CFO. This person should double as your records retention officer who should be charged with the maintenance and enforcement of a corporate records retention manual. Why do you need a records retention manual? Because without it some of you