Articles

These articles include information we often give to our clients, information that we think might be useful to small businesses and nonprofit organizations, and information that we think is interesting.  We have also included articles that our attorneys have written for other venues.  We hope you find them helpful.
Initial Consultations with a Smith Rayl Attorney
Here's what you can expect in an initial consultation with a Smith Rayl Attorney.
Steps for Starting a Nonprofit Corporation in Indiana
Here's what you can expect to happen if you retain Smith Rayl to help you start a new nonprofit or tax exempt organization.
Yes, Your LLC Needs an Operating Agreement
Even single-member LLCs need an operating agreement.
Attorney-Client Privilege and Confidentiality
Your attorney is obligated to keep your secrets, communications between you and your attorney are privileged. This article explains what that means.
Common Elements of Business Contracts, Part1: Preamble to the Contract
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 2: Recitals
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 3: Defined Terms
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 4: Essential Covenants
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 5: Closing Provisions and Contract Term
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 6: Representations, Warranties, and Risk Allocation
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
Common Elements of Business Contracts, Part 7: General Terms and Conditions
A series of articles taken from materials we wrote for a National Business Institute seminar on drafting business contracts.
The Lights are On but Nobody's Home: LLCs with No Members
Without careful drafting of operating agreements and close attention to the Indiana Business Flexibility Act, the statute that governs limited liability companies, an LLC can find itself with no members, to potentially disastrous results.
The Basic Intellectual Property Principles of License Agreements