This article posted on our partner site Mondaq.com addresses how small businesses can prevent losing contracts with government agencies when they are affiliated with a larger firm. For the federal government, Small Business Administration, if the small business can be a “protege” in a joint venture with an approved “mentor” and not lose these valuable contracts. The author notes that the formal requirements to establish this program needs to be satisfied even if a mentor-protege relationship has existed between the parties previously. The author notes to take advantage would be opportune for small business but compliance and due diligence are required.
This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!
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About Mondaq: Clausehound users will need to log into Mondaq.com upon arrival. For over 20 years, Mondaq has been creating one of the world’s most comprehensive online resources of professionals’ expertise and knowledge. Their content is provided by professionals in over 70 countries and covers a broad range of information related to legal, financial and regulatory topics. Clausehound subscribers will be able to utilize Mondaq resources, intersected directly where relevant, within Clausehound’s knowledge library.
About Clausehound: Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound’s $10 per month DIY Legal Library hosts tens of thousands of legal clauses, contracts, articles, lawyer commentary and instructional videos. Clausehound offers additional services such as a $90 Starter Kit for entrepreneurs that includes the first 12 agreements a business requires to launch, Drafting Playbooks to walk entrepreneur through the legal drafting process, and on-demand and discounted review by local lawyers.