Tyler's Blog @tylerboydcom-blog - Tumblr Blog

And now these three remain: faith, hope and love. But the greatest of these is love. 1 Corinthians 13:13

Unlock Contracts: 2 Negotiating Buckets

When negotiating contracts it’s important to separate contractual language into two different buckets. These two buckets are scope and legal terms. Understanding how to use these two buckets will help you negotiate more effectively and efficiently.

Bucket 1 (Scope): Generally, parties exchange promises when they enter into a contract. This is known as a bilateral contract. A well written bilateral contract addresses the scope of work (scope) between the parties. For example, a computer company promises to update a retail company’s corporate headquarters with a new fiber-optic communication system in exchange for a fee. The parties must accurately define the scope of work to ensure the new communication system is properly installed. The following issues may need to be addressed in the contract:

1. What is the expected completion date?

2. How much cable and conduit is required?

3. Will the retail company experience any business interruptions during implementation?

4. Can the project be implemented during non-business hours?

5. What are the financing terms?

The questions above illustrate the types of issues that should be addressed when defining the scope of work. Spending time negotiating the scope will establish realistic expectations for each party. In this case, the retail company’s Information Technology (IT) Manager should be included in the negotiation dialog. His/her expertise will help guide the negotiation and ensure all project “action items” are reflected into the contract. Therefore, it is important for managers in their respective fields to work closely with an attorney or in-house counsel to ensure the scope of the contract is accurately memorialized. Takeaway: Managers and attorney/in-house counsel should work as team to properly articulate the scope in a contract.

Bucket 2 (Legal Terms): Typically, the need for an attorney to review a contract is driven by legal terms or legalese. Generally, legal terms focus on compliance and the rights between the parties. For example, here are some legal subjects that could be addressed in a contract:

1. Notices

2. Indemnification

3. Termination

4. Cure Period

5. Exclusivity

6. Dispute Resolution

7. Damage Limitation

Unlike scope, legal terms generally do not speak to the deliverables in a contract; rather, legal terms are specific to compliance and the rights between the parties. Additionally, legal terms are specific to the practice of law; therefore, it’s always best to have an attorney review your contracts before negotiating clauses, phrases, and terms. Takeaway: Generally, legal terms are specific to compliance and the rights between the parties.

For more information visit: tylerboyd.com

The information in this article was written for educational purposes only. All opinions, advice, and experiences are those of the author. Under no circumstances is any of the information intended to be legal advice and should not be interpreted as such. For any and all legal questions please consult a lawyer.

Three Awesome Audiobook Tips for Your Daily Commute!

HOUSTON, Texas- Traffic, Traffic, and more Traffic! As a daily commuter in Houston, I can almost hear the sounds of the roadways reading those words! It has been said that if you’re traveling in Houston every destination takes a minimum of 30 minutes to 1 hour of drive time. I would emphasize the word “minimum”, add “on a good day”, and complete the statement with “each-way.” The big challenge is how to be efficient with valuable time while sitting in traffic. So far, until we all sit in self-driving cars, the answer is listening to audiobooks. Technology has given us the ability to listen to more books than ever before. I have compiled a list of three simple options for commuters traveling to work. These options are compatible with iPhones and iPads. Number 3 is a less known option, but a commuting game changer!

1) Audible: I am a huge fan of Audible.com! As an Audible member, I enjoy downloading audiobooks directly to my iPhone and storing my audio library in the cloud. Audible members never pay full list price for books. For example, usually Audible members receive 30% off list price. The membership also allows access to special sales and online deals. Personally, my favorite benefit is that members receive one credit a month to purchase any title regardless of genre, length, or price. If that’s not enough, members also have the ability to buy extra credits. That’s a big win!

2) Local Library: Local libraries allow library card holders to check out audiobooks for free. There is always the old school option of checking out audiobooks on CD. A more recent trend is local libraries allow library card holders to check out audiobooks through the library’s web-site or mobile app. This is a great economic option for families and commuters who read a lot of books. However, you must be willing to be patient to check-out popular titles. Just like checking out a traditional book at the library, audiobook titles can only be checked out one at a time. It is common to find yourself waiting on a checked out title for some time.

3) Kindle: Is your book unavailable on Audible or at your local library? No Problem! Use Siri to read Kindle! For the purpose of this tip I’m only going to focus on IPhone commuters using the Kindle App. As a side note, Kindle does have versions of books that allow users to toggle between text and audio versions. Here we’re only going to focus on the traditional Kindle book. When the book is selected in the Kindle App verbally tell Siri to “turn voice-over on.” Then take two fingers and swiped from the top of the screen to the bottom. This swipe command allows Siri to continuously read your Kindle books. When you’re finished listening simply tell Siri to “turn off voice-over.” This is a great option if you don’t mind listening to Siri’s voice. If you find these instructions too confusing, YouTube has several videos illustrating this method.

I hope this helps your daily commute! Happy listening!

TylerBoyd.com

The information in this article was written for educational purposes only. All opinions, advice, and experiences are those of the author. Under no circumstances is any of the information intended to be legal advice and should not be interpreted as such. For any and all legal questions please consult a lawyer.

#audiobooktips

The boys first red wagon! #radioflyer #merrychristmas

#merrychristmas #radioflyer

Christmas lunch at the club! (at Champions Golf Club)

Merry Christmas!! May your world be filled with warmth and good cheer this Christmas season! -The Boyd’s Tyler, Jessica, Brady and Asher (at The North Pole)

Texas Snow Angels in the Texas Snow! ❄️ (at Cypress, Texas)

HBU v. Lamar Live Now! 🏈HBUHUSKIES.com (at Husky Stadium (Houston Baptist University))

I won’t tell brother, Santa! (at Yvette Michelle Portraits LLC)

Homecoming Weekend! Northwestern State v. HBU Tonight I join Lonnie King from the broadcast booth Saturday from Husky Stadium at 6:00 p.m.! Audio and Video this week on the Southland Digital Network https://lnkd.in/df5AXeQ (at Husky Stadium (Houston Baptist University))

HOUSTON - HBU hosts Northwestern State on Homecoming in Southland Conference football Saturday at 6 p.m. at Husky Stadium. The game will be broadcast on the Southland Digital Network and the Legacy Sports Network audio broadcast with Lonnie King and Tyler Boyd can be heard on HBUHuskies.com.

NACOGDOCHES, Texas - HBU hits the road to face Stephen F. Austin in Southland Conference football Saturday at Homer Bryce Stadium. The Legacy Sports Network audio broadcast with Lonnie King and Tyler Boyd can be heard on HBUHuskies.com, while the game will be shown on ESPN3.

HOUSTON - HBU hosts its second-consecutive home game when it battles Southeastern Louisiana in Southland Conference football Saturday at 6 p.m. at Husky Stadium. The game will be broadcast on ESPN3 (Tom Franklin/Lemont Williams/Maya Golden) and the Legacy Sports Network audio broadcast (Lonnie King/Tyler Boyd) can be heard on HBUHuskies.com.

6:00 Kick Off Tonight! Tune in at HBUHuskies.com HBU v. Central Arkansas 🏈 (at Husky Stadium (Houston Baptist University))

HOUSTON - After four-straight road games and a bye week to open the season, HBU finally returns home to host sixth-ranked Central Arkansas in Southland Conference football on Family Weekend Saturday at 6 p.m. at Husky Stadium. The television broadcast with Tom Franklin and John Harris will be shown on FOX Sports Southwest and the FOX Sports GO app, while the Legacy Sports Network audio broadcast with Lonnie King and Tyler Boyd is available on HBUHuskies.com.

Baby Bible Presentation at @sbccypress Asher's and Brady's first bible! #secondbaptistchurch

#secondbaptistchurch

Unlock Contracts: 2 Negotiating Buckets

When negotiating contracts it’s important to separate contractual language into two different buckets. These two buckets are scope and legal terms. Understanding how to use these two buckets will help you negotiate more effectively and efficiently.

Bucket 1 (Scope): Generally, parties exchange promises when they enter into a contract. This is known as a bilateral contract. A well written bilateral contract addresses the scope of work (scope) between the parties. For example, a computer company promises to update a retail company’s corporate headquarters with a new fiber-optic communication system in exchange for a fee. The parties must accurately define the scope of work to ensure the new communication system is properly installed. The following issues may need to be addressed in the contract:

1. What is the expected completion date?

2. How much cable and conduit is required?

3. Will the retail company experience any business interruptions during implementation?

4. Can the project be implemented during non-business hours?

5. What are the financing terms?

The questions above illustrate the types of issues that should be addressed when defining the scope of work. Spending time negotiating the scope will establish realistic expectations for each party. In this case, the retail company’s Information Technology (IT) Manager should be included in the negotiation dialog. His/her expertise will help guide the negotiation and ensure all project “action items” are reflected into the contract. Therefore, it is important for managers in their respective fields to work closely with an attorney or in-house counsel to ensure the scope of the contract is accurately memorialized. Takeaway: Managers and attorney/in-house counsel should work as team to properly articulate the scope in a contract.

Bucket 2 (Legal Terms): Typically, the need for an attorney to review a contract is driven by legal terms or legalese. Generally, legal terms focus on compliance and the rights between the parties. For example, here are some legal subjects that could be addressed in a contract:

1. Notices

2. Indemnification

3. Termination

4. Cure Period

5. Exclusivity

6. Dispute Resolution

7. Damage Limitation

Unlike scope, legal terms generally do not speak to the deliverables in a contract; rather, legal terms are specific to compliance and the rights between the parties. Additionally, legal terms are specific to the practice of law; therefore, it’s always best to have an attorney review your contracts before negotiating clauses, phrases, and terms. Takeaway: Generally, legal terms are specific to compliance and the rights between the parties.

For more information visit: tylerboyd.com

The information in this article was written for educational purposes only. All opinions, advice, and experiences are those of the author. Under no circumstances is any of the information intended to be legal advice and should not be interpreted as such. For any and all legal questions please consult a lawyer.

Trending Blogs

Recently Viewed Blogs

Tyler's Blog