Taylor Legal Blog

Hi there. I'm Katherine Taylor, the lawyer for business owners. I'm going to be doing a series of videos on operating agreements. In this first video, I'll explain what an operating agreement is and why your company needs one. In future videos, I'll hone in on the various parts of an operating ag...

          Is the agreement I just entered into a legally binding contract? In general, a valid contract requires four elements: offer, acceptance, consideration, and performance. The process begins when one party offers the terms for the contract. Next, the other party can accept, reject, or requ...