Enid Contract Lawyers
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Legal Services Offered by Our On-Demand Enid Contract Attorneys
The Enid contract attorneys & lawyers on UpCounsel are dedicated to helping businesses save time, money, and peace of mind with contract drafting and review, negotiations, litigation support, discovery, commercial business transactions, and more.
Our independent contract attorneys are available on-demand to provide contract legal services for businesses or to support your in-house general counsel to help lighten the load for transactional matters or litigation support.
Although the work of the Enid contract attorneys found on UpCounsel often varies they are highly experienced in legal contract activities such as commercial contract negotiations, document review in response to document subpoenas, request for production of documents, legal research, draft legal briefs, along with providing a full range of other contract legal services to businesses of any size.
Improve Your Legal ROI with Affordable Contract Attorneys that service Enid, OK.
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- 3 min read
What is Incorporation?
Incorporating simply means creating a new corporation under the laws of the specific state in which you incorporate. Incorporation can also refer to the formation of a Limited Liability Company (LLC).
Benefits of Incorporating a Business
There are several benefits to incorporating your business, which include the following:
- Incorporating allows you to protect your personal assets. The business’s debts and liabilities are kept separate and cannot
- 4 min read
Indemnification: What is it?
Indemnification means one party agrees to pay losses incurred by another to a third party.
For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and expenses if the retailer is sued by a third party who claims Widget XYZ is a copy of their product.
In most cases, the requirement to indemnify must be contained in a written contract between the parties. However, in some states parties may be required to pay for the losses of another in certain limited circumstances.
PLLC: What Is It?
A PLLC is a Professional Limited Liability Company that exists in some state -- it is a limited liability company specifically designed for licensed professionals, such as doctors, lawyers, engineers, accountants and members of other professions. Only licensed professionals generally can form PLLC’s, and the services that constitute professional services vary from state to state. Call your state licensing board to confirm. PLLC’s must be organized to only provide the services of the licensed professionals.
Why Are PLLCs Important?
Some states explicitly forbid licensed professionals from forming an LLC. Instead, they must form a PLLC.
Reasons to Consider Not Using a PLLC
Your state may not have laws in place for the approval of PLLCs. In this case, you likely should file normal LLC paperwork.
Reasons to Con
- 3 min read
What is SOX?
SOX informally refers to the Sarbanes-Oxley Act of 2002, a piece of legislation created for the purpose of protecting investors from accounting fraud, specifically those that are related to shares sold by publicly traded companies.
The Sarbanes-Oxley Act is a deliberate attempt to mandate strict reforms with regards to how corporations made financial declarations. The law mandates increased vigilance with regards to disclosures related to the financial state of the company, particularly when it comes to earnings and profitability.
It is important to remember that this law regulates publicly traded corporations, those that sell shares of stock to the common people and institutional investors. The investors and potential shareholders will only agree to the listed price of the company's shares based on the company's value such as future earnings and current performance. Thus,
- 7 min read
What Is a Delaware LLC?
A Delaware LLC, or limited liability company, is a type of business entity created by filing the Certificate of Formation with the Delaware Secretary of State. It creates a legal existence separate from its owners. Owners and managers are not personally liable for any of the company's debts.
A contract drafted by the company's members called the Operating Agreement outlines the structure of a Delaware LLC and the rules that govern the members, or owners, of the LLC. The Operating Agreement is legally binding and enforceable by every person that signs it. The members are free to organize the company however they see fit. The can create their own terms for governing, operating, and overseeing their LLC.
The first Delaware LLC was formed on October 1, 1993, when the Delaware Limited Liability Company Act first made the LLC a legitimate business entity. Right now about two-thirds of all of the