Contracts often have a "choice of law "provision. An example of a typical choice of law provision is the following: "This Agreement will be governed by, and construed in accordance with, the laws of the State of Colorado." Put simply,…
The Boulder Business Lawyers of LaszloLaw Discuss Limitation of Damages, including Lost Profits, in Contracts. We previously discussed limitations of damages clauses in a prior post. As we discussed, contracts for services or goods may include clauses that waive the…
The Boulder Business Attorneys of LaszloLaw discuss the enforceability of limitation of damages clauses in contracts in Colorado. Often times, contracts will include a limitation of damages/liability clause in the event of a breach of the contract or even possibly…
The Boulder Business Lawyers of LaszloLaw discuss the enforceability of liqudated damages clauses in Colorado. Contracts often include numerous provision concerning what happens in the event of a party breaching the contact. One such provision that parties might incorporate into…
The Boulder Business Lawyers of LaszloLaw discuss New York's internet sales tax laws and its implication for Colorado. The U.S. Supreme Court refused to hear an appeal raised by Amazon.com and Overstock.com, challenging a New York appeals court decision upholding…
Boulder Business Lawyers Offer Some Considerations For Severability Clauses Often times, contracts, including LLC operating agreements, contain severability or savings clauses. These clauses tend to state something along the lines of: "if any term of this contract is found to…
Colorado Ranks in the Top 5 for Best States for Businessess Colorado is #5 on Forbes annual list of "Best States for Businesses." According to Forbes, the annual list is complied using "six important factors for businesses: costs, labor supply,…
The Boulder County Business Report has suggested that the Boulder Flood could ruin 1 in 4 small businesses—don’t let your business be the “1.” As you begin the process of assessing the impact a natural disaster has had on your…