Atlanta Employment Attorneys & Lawyers

Statement of Work: What Is It?

A statement of work (SOW) is a document that lists all the work a supplier will do during a project. It will define the amount of work, the expected quality of the job performance, and the timeframe for completion.

A well-written SOW will help both parties understand the parameters of a successful project. A poorly worded SOW could lead to conflict. The parties may argue over unclear expectations and the definition of good work.

To avoid such arguments, a well-written SOW should include:

• A list of expected products and services
• A list of tasks leading to the product's creation
• Specifics regarding who will handle each of the listed tasks
• Due dates for deliverables
• Payment schedule and deadlines
• Determination of which party will helm the project

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What Is a Stock Warrant?

A stock warrant gives holders the option to buy company stock at a fixed price, the exercise price, until the expiration date and receive newly issued stock from the company. A stock warrant is similar to its better-known cousin, the stock option. For starters, recall that a stock option is a contract between two parties and gives the stockholder the right to buy or sell stocks at a certain price and on a certain date. When you buy a warrant, you are not locked in. You still have the right to freely decide to go forward with the purchase in the future.

Similarly, a stock warrant holder also has the right, to buy a specific number of shares of stock that will be created in the future, upon exercising the warrant, called “underlying” stock. That transaction is called “exercising” the option, and it must take place before a specific

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Understanding how to hire a contractor in California is necessary if you need help with an important business project but don't want to hire a full-time employee. Hiring a contractor (also known as an independent contractor) is to hire any non-employee who provides you with a service. Examples can include non-employee software engineers, accountants, marketing consultants, and lawyers. Hiring a consultant requires defining the relationship, the expected work and payment, and ensuring that work product is properly assigned to the company.

A Guide on How to Hire an Independent Contractor in California.

An independent contractor is someone who does work for your business but isn't actually a company employee. Virtually every business makes use of contractors at some point, and while hiring a contractor may seem simple, you actually need to be very careful so that you can make sure you're getting the right person for your job. Fortunately, by following

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Updated October 21, 2020:

What is a Confidentiality Agreement?

A confidentiality agreement is a legally binding contract that states two parties will not share or profit from confidential information. A business usually gives a confidentiality agreement to an employee or contractor to make sure its trade secrets or proprietary information remains private. A confidentiality agreement (CA) may also be known as a confidentiality statement, a confidentiality clause, a non-disclosure agreement (NDA), a non-disclosure form, a proprietary information agreement (PIA), or a secrecy agreement (SA).

If interes

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Updated November 10, 2020:

What are Authorized Shares?

Authorized shares are the number of stock shares a company may issue to investors or employees at the time they incorporate and stock shares that the company board of directors may issue later as specified in the Articles of Incorporation.

Why Is Getting the Number of Authorized Shares Right Important?

Authorized shares can be issued when a company asks for financing. They may also be issued as a benefit for key employees. Usually, the number of shares that are authorized is much more than what is actually needed. This is to allow the company to issue stocks in the future when needed (as employee perks or perhaps as a secondary offering to raise more money). A company may refrain from issuing all of its authorized shares

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