Category: Archive

The lawyer should always read the entire contract before agreeing to represent a party. A good lawyer is careful and methodical in her approach, always taking the time to fully understand all aspects of a case before moving forward. This is significant when she is presented with a legal contract between two parties. Before agreeing… Continue reading What To Consider When Reviewing A Contract

Defining distributive trade Distributive trade is one of the fundamental pillars of modern economic systems. This type of trading involves distributing goods and services to all members of a particular group or community. It has been instrumental in the development and growth of many economies worldwide. At its core, distributive trade connects producers and consumers… Continue reading What are the Problems of Distributive Trade?

What does sui generis mean, and where did it originate from? Sui generis is a Latin term that means “one of a kind,” It has been widely used in law and philosophy since ancient times. This is because such concepts are said to be sui generis when they have no equivalent experience, meaning, or observers… Continue reading Can you Define Sui Generis?

The definition of economic law There is no single definition of economic law, as economics encompasses many different areas of study. However, at its core, economic law refers to the principles and theory behind producing, distributing and consuming goods and services within a given economy. These laws constantly evolve as new technologies impact how goods… Continue reading Difference Between US Economic Law and European Economic Law

What are consumer protection laws, and what do they cover? Consumer protection laws are designed to safeguard consumers from unfair business practices. These laws are intended to help protect people from things like misleading advertising, unsafe products, and predatory lending. At the federal level, many consumer protection laws are overseen by agencies such as the… Continue reading What Are Consumer Protection Laws – And Why Do They Matter?

  As a buyer and seller, I’ve been in the private equity/M&A arena for the last 20 years. Many books attempt to cover elements of the process – from target acquisition to diligence completion. This book is one of the few that I keep at my desk for reference. Biblical in size and scope, you… Continue reading The Art of M&A – A Quick Book Review

As a business owner, you need to know the different accounting activities under investing and financing. These activities include secured transactions, loans, and equity investments. Keep reading to learn more about these essential concepts and how they can impact your business. Investing Activities Investing activities are those that involve the use of a company’s cash… Continue reading What Every Entrepreneur Needs to Know About Accounting – Investing and Financing Activities

The idea of depreciation is a strange one to grasp. It’s an expense you don’t see but plays into your business. Like the plot twists in Lost, this unknown factor can be frustrating and make no sense until we understand its purpose! As a business owner, it’s essential to have a basic understanding of accounting… Continue reading Depreciation – Critical Elements You Need To Know

The price you’ll pay for business growth lags behind the effect of cash flow. Managers and investors need to understand that increasing sales without expanding their accounts receivable isn’t a realistic scenario for revenue growth. In the real world, enjoying increased earnings without incurring additional costs is impossible. What are prepaid expenses, and why are… Continue reading Prepaid Expenses – Critical Things You Need To Know

Accounts Receivable Management One of the more complicated accounting items is accounts receivable; in most businesses, these make up a large portion of assets. In other words, they cause cash flow delays in a business through the delayed payment of sales and expenses. As an example for calculating them, imagine that your company offers 30-day… Continue reading Accounts Receivable Management – Critical Things You Need To Know