Articles Tagged with Small Business Contracts

August 21, 2026

The Contract Clause Every Chicago Business Owner Skips (And Pays For Later)

Every contract you sign has one section that gets less attention than almost anything else in the document, and it is usually the section that ends up costing business owners the most. It is not the payment terms. It is not the termination clause. It is the indemnification clause, and most business owners either skim past it or assume it is standard boilerplate that does not need a second look.

It is not boilerplate. It is one of the most consequential paragraphs in the entire agreement, and by the time most business owners understand what it actually does, they are already the ones paying for someone else’s mistake.

What an Indemnification Clause Actually Does

July 6, 2023

Are Smart Contracts Smart for Your Business?

by George Bellas

Aret Smart Contracts Smart?

Imagine if the paper on which your business’ contracts are written could somehow come to life and automatically send payments to your collectors—and receive payments from your debtors—at the appropriate times, as different provisions of said contract are triggered.

That’s more or less how electronic smart contracts, self-enforcing pieces of computer code set up to execute on the blockchain, more efficiently streamline certain processes. While sometimes legally enforceable, they have their drawbacks and will probably never completely replace traditional legal contracts.

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