1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

Is a contract enough? Business Contracts

Discussion in 'Starting a Business, Incorporation' started by Terry Thompkins, Jan 22, 2020.

  1. Terry Thompkins

    Terry Thompkins Law Topic Starter New Member

    Messages:
    4
    Likes Received:
    0
    Trophy Points:
    1
    Hello,

    I am a new business owner that facilitates the trading of domain names for other domain names , as my business requires me exchange private information such as email or other private info between two parties. Is a contract that dictates the price of service, terms of termination, states that I will be deleting their information after services, and that I wont ever use their information or their property after service enough to keep me safe if something goes wrong. If not what are some ways to protect myself from legal trouble.

    I'm not expecting any trouble but I always want to be prepared in case something happens. I am starting a new business after all.
     
  2. justblue

    justblue Well-Known Member

    Messages:
    1,616
    Likes Received:
    677
    Trophy Points:
    113

    What state?
     
  3. adjusterjack

    adjusterjack Super Moderator

    Messages:
    8,094
    Likes Received:
    2,201
    Trophy Points:
    113

    Kentucky per previous thread.

    A proper contract goes a long way to providing a defense to a lawsuit. Hire a lawyer to draft one for you to make sure it protects if something does go wrong. Just understand that nothing prevents a lawsuit from being handed to you.

    And please keep all future discussions about your business to this thread. It's all one topic no matter what the subject is.
     
  4. PayrollHRGuy

    PayrollHRGuy Well-Known Member

    Messages:
    1,035
    Likes Received:
    508
    Trophy Points:
    113

    If you are worried about a data breach there is insurance for that.
     
  5. zddoodah

    zddoodah Well-Known Member

    Messages:
    4,049
    Likes Received:
    989
    Trophy Points:
    113

    Keep you safe from what? A well-worded contract created by an attorney is one way to protect against "legal trouble." Insurance is another.
     
  6. Terry Thompkins

    Terry Thompkins Law Topic Starter New Member

    Messages:
    4
    Likes Received:
    0
    Trophy Points:
    1
    Hello again thank you all for the wonderful advice.

    I've been doing more research into my field and I've hit a wall and was wondering if you all would know, do I need an escrow license for the state of Kentucky and if so how do I go about getting one?
     
  7. adjusterjack

    adjusterjack Super Moderator

    Messages:
    8,094
    Likes Received:
    2,201
    Trophy Points:
    113

    Contact your Secretary of State's office. Someone there can direct you to licensing agencies for a variety of businesses and professions. That's where you'll find your answer.
     

Share This Page