You’ve heard the chorus: “You must incorporate in Delaware.” It’s legal dogma, a default setting in law firm operations everywhere. As seasoned attorneys, we know the stats: over 65% of Fortune 500 companies and a vast majority of US public companies call Delaware their legal home. The prevailing wisdom suggests that it is the only […]

1. Risk Management & Liability Protection Clear allocation of responsibility: Contracts define who is accountable for what. Without this, the firm could inadvertently assume liability for vendor errors (e.g., a medical records vendor mishandling sensitive data). Indemnification & insurance provisions: Well-drafted contracts protect the firm from being dragged into disputes caused by vendor negligence, malpractice, […]