Scope of Services
The scope of services provision is a critical part of any contract as it outlines the specific work to be performed by the parties involved. Start-up founders should carefully review and negotiate this provision to ensure that it accurately reflects the work to be performed and that it is sufficiently detailed to avoid any misunderstandings or disputes.Payment Terms
Payment terms are another important provision that start-up founders should carefully consider when negotiating contracts. This provision should specify the payment amount, payment schedule, and any penalties for late payment. It is important to ensure that payment terms are fair and reasonable for both parties.Termination
The termination provision is also an important consideration when negotiating contracts. This provision outlines the circumstances under which either party may terminate the contract, and the process that must be followed to do so. Start-up founders should ensure that this provision includes clear language on how to terminate the contract and any consequences that may result from termination.Confidentiality
The confidentiality provision is critical for protecting sensitive information and trade secrets. This provision should specify what information is considered confidential, how it must be protected, and the consequences of a breach of confidentiality. Start-up founders should ensure that this provision is tailored to their specific needs and that it provides adequate protection for their confidential information.Intellectual Property
The intellectual property provision is also critical for start-ups, as it outlines who owns the intellectual property created during the performance of the contract. This provision should specify whether the start-up or the other party retains ownership of any intellectual property created, and any limitations on the use of that intellectual property.Limitation of Liability
The limitation of liability provision is important to protect start-ups from potential damages resulting from breaches of contract or other issues. This provision should specify the maximum amount of damages that either party can recover in the event of a breach, and any limitations on the types of damages that can be recovered.Dispute Resolution
The dispute resolution provision outlines the process for resolving any disputes that may arise between the parties. This provision should specify whether disputes will be resolved through mediation, arbitration, or litigation, and any limitations on the damages that can be recovered.Conclusion
In conclusion, start-up founders should carefully consider the key contractual provisions when negotiating contracts with suppliers, vendors, employees, investors, and customers. By focusing on the scope of services, payment terms, termination, confidentiality, intellectual property, limitation of liability, and dispute resolution provisions, start-up founders can ensure that they are protected and that their interests are represented in any contract negotiations. It is important to work with experienced attorneys who can help navigate these complex issues and ensure that the contracts are tailored to the specific needs of the start-up.Next Steps
Use the buttons below to to set up a meeting. When starting or operating a business, timing is critical; therefore, if you need assistance with your business venture, it is important that you retain the services of a competent attorney as soon as possible. Should you choose to contact me, we will begin with an introductory conference—via phone—to discuss your situation. Then, should you choose to retain my services, I will prepare and deliver to you for your approval a formal representation agreement. Unless and until I receive the signed representation agreement returned by you, my firm will not have accepted any responsibility for your legal needs and will perform no work on your behalf. Please contact me today to get started.
As the expression goes, if you think hiring a professional is expensive, wait until you hire an amateur. Do not make the costly mistake of hiring an offshore, fly-by-night, and possibly illegal online “service” to move your company. Where will they be when something goes wrong? . . . Hire an experienced attorney and CPA, knowing you are working with a credentialed professional with a brick-and-mortar office.
— Prof. Chad D. Cummings, CPA, Esq. (emphasis added)
Attorney and CPA
/Meet Chad D. Cummings

I am an attorney and Certified Public Accountant serving clients throughout Florida and Texas.
Previously, I served in operations and finance with the world’s largest accounting firm (PricewaterhouseCoopers), airline (American Airlines), and bank (JPMorgan Chase & Co.). I have also created and advised a variety of start-up ventures.
I am a member of The Florida Bar and the State Bar of Texas, and I hold active CPA licensure in both of those jurisdictions.
I also hold undergraduate (B.B.A.) and graduate (M.S.) degrees in accounting and taxation, respectively, from one of the premier universities in Texas. I earned my Juris Doctor (J.D.) and Master of Laws (LL.M.) degrees from Florida law schools. I also hold a variety of other accounting, tax, and finance credentials which I apply in my law practice for the benefit of my clients.
My practice emphasizes, but is not limited to, the law as it intersects businesses and their owners. Clients appreciate the confluence of my business acumen from my career before law, my technical accounting and financial knowledge, and the legal insights and expertise I wield as an attorney. I live and work in Naples, Florida and represent clients throughout the great states of Florida and Texas.
If I can be of assistance, please email me at chad@cummings.law, or click here to set up a meeting.