SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #12  
Old January 5, 2020, 06:06 PM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 3,355
Default Contracts and toll positions...!

Quote:
Originally Posted by GordonJ View Post
I always forget this, because I've taken them, but, it would bode anyone well to have at least a passing understanding of CONTRACTS.

I was lucky enough to have a contract law class in high school, and later, had to take them in college for my GRI (Graduate Realtor Institute). You don't have to be all attorney like, but you need to understand what your attorney tells you and puts in the contracts.

Since TOLL positions come about via agreements, it is a good idea to know the legal language of contracts, it is what Western Civilization is based on.
I have to agree with this!

Many toll positions can be enforced through contracts...

For example, take an exclusive distribution agreement. I believe Joe Cossman gave the example of one of his students, who took a product (some kind of plastic wheelbarrow? My memory could be faulty) from Europe, and got the exclusive North American distribution rights. That means nobody could sell that product in North America apart from him.

That's a toll position enforced by a contract...

I've often felt it is useful to know a good lawyer because of this! (Or to be one...)

The other place it's good to know about contracts is when paying people for a "work for hire" - such as for artwork, or for writing. You want to ensure that, in the contract, you own the copyrights, and any other rights that could restrict what you do with the work in the future! Otherwise, it could hamper your future business...

Great point!

Best wishes,

Dien
__________________
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 07:33 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.