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Digestible hidden gems about business & contracts.
April 1, 2026 | 9 That's a co-op?? Cooperatives are businesses that are owned by stakeholders (like employees, customers, or other membership group) and where major decisions are made democratically. Every member-owner gets one vote, regardless of how much they invested. Co-ops can be for-profit, nonprofit, or not-for-profit (a non-charity that reinvests all its profits into the organization). People often mistakenly think that co-ops are inefficient, outdated, and unprofitable. But co-ops...
March 4, 2026 | 8 Are handshake agreements legally binding? Yes, sometimes. The purpose of a legally binding promise (AKA a contract) is to be able to enforce the promise or be compensated if the other person breaks their word. How do you enforce an oral contract? Enforcing a contract that was never written down is the same as enforcing any other contract but with the added burden of proving the contract exists in the first place. That's hard to do if it's just your word against the other...
February 4, 2026 | 7 Can you use AI to write a contract? As a contracts lawyer in the year 2026, I have seen my fair share of AI-generated contracts. Honestly, they're not all bad! But as with everything, the AI output is only as good as its input. Remember: Many AI tools are not private so try not to give it personal information that could identify you or the other party. Try this for an AI-assisted contract 1. Give it context What state are you in? What is the deal/ situation about? What...