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Video instructions and help with filling out and completing a contract option may be exercised only if the contractor agrees

Instructions and Help about a contract option may be exercised only if the contractor agrees

Before we get started make sure you subscribe to our video channel we're going to publish more videos about important topics and federal government contracting that you won't want to miss many government contractors understand that using teaming agreements and joint ventures can increase your chances of getting federal government contracts however 31% of those companies are not quite familiar with the nuances and landmines that the competition can use to try to get the contract revoked in a bid protest here are four important tips to keep in mind when using teaming agreements and joint ventures number one be careful not to violate the limitations on subcontracting rules despite the new SBA rules in 2021 small businesses can still forfeit the contract award by not complying with the limitation on subcontracting rule generally the prime has to perform at least 51 percent of the contract cost but depending on your industry classification code it could be less - the new sba rules published in 2021 are not intended to completely eliminate small business size protests as many of you may already know the SBA revamped its small business teaming and joint venture rules to arguably minimize the possibility of affiliation however despite the more lacks requirements your company can still be found affiliated with the other company if that company exercises too much control over the contract 3 similarly situated small business rules are still relatively new you should be familiar with them as the prime contractor you can still avoid affiliation if you're teaming partner or joint venture partner is considered a similarly situated small business these are very fact-based relationships and should be approached with caution for joint ventures not part of the SBA 8a program must still meet the statutory requirements many companies mistakenly believe that if your company is not an 8 a company that any joint venture agreement will suffice this is far from the truth your joint venture is still subject to review and must still meet statutory requirements these are only a few of the key points that arise with teaming agreements and joint venture arrangements when it comes to federal government contracting to keep your contract or if you have grounds to challenge an award call our government contract lawyers at Watson & Associates LLC we help federal government contractors in all states.

FAQ

Out of curiosity, if I was looking to hire a contractor and create a contract as a pre-incorporation startup - what would be the entity/business name/partner name to use that would be legally binding?
In general, whether the contract is legally binding will not hinge on the entity name. As long as the contract is entered into with the consent of the parties involved (e.G., through signatures), the contract will be legally binding.Having said that, if you don't have a name for your partnership yet, you can enter into the contract as individuals, especially if the term of the contract will end before you have filed the required documents for your partnership. But if you anticipate formally forming the partnership soon or at least before the term of the contract ends, then you can use the name of the partnership (if you have decided on a name). If you proceed with the latter, just have someone who is authorized to sign on behalf of the partnership to execute the contract.
If the valuation of a company has gone up by 5x from the date the NSO shares were agreed to be allocated to an independent contractor, but paperwork was never completed by the company, is it legal for the company to allow the contractor to do an early exercise and back-date to the agreed upon date?
Legal for the company or for the employee receiving the options?This is extremely complicated.  I believe it depends on whether the equity grant was made by a public or private company.For a public company, the answer is probably no.  The paperwork needs to be filled within ~48 hours of the options grant to be valid.  I would check with a lawyer on this.For a private company, the answer is maybe.  There is no enough information in your question to answer this question.  I would find a good lawyer.Even if it is illegal for the company to backdate the options, its often the case you should just let the company back date the options.  If the company is ok with doing this, it assumes the bulk of the liability.  I doubt an independent contractor will be brought to justice for receiving backdated options, when they had nothing to do with the legal agreement for drafting the options grant.So even if it is illegal for the company to back date the options, you should take them anyways.In any case, get a lawyer.  Dont rock the boat.Another issue completely different from the security and options laws is the tax treatment.  Backdating equity grants may be perfectly legal for the company, but you have to pay tax on the value of the equity grant at the effective time they were issued in many cases.  So even if you are fine with the SEC, you may have problems with the IRS.Asking "Is this legal" is a meaningless question.  What you need to ask is "What are the liabilities?" and do a risk/benefit analysis of your situation.The tax issues are much more severe when it comes to equity grants, because backdating equity issues can reduce tax liability and the IRS does not like this very much.  You will need two lawyers in this case, one for the equity issues and one for the tax issues.  Maybe you can find someone who is comfortable with both issues.Private equity is also weird and extremely complicated.  It does not have a "valuation" in most circumstances, so the premise of your question is probably invalid.
How have you utilized customer feedback to ensure better customer satisfaction?
Hi! Early on in in the product development lifecycle, user interviews are a great way to confirm and validate a concept will result a successful business but as the product is not done, the interviews are high level validations that conceptually the pain point you are describing and the solution you are proposing makes sense and would be of value to end users. Once you have a product and even better, was able to on board your first few beta customers or live paying customers for your product, now is the time to maximize customer feedback about your product as they are bought in on what you offer and can pryou a great amount of feedback on what you need to continue to deliver to make the product even better for them. Early adopters can also help you realize what challenges they faced on boarding, confusing parts of your product and help you iron out your process to increase sales.So with the obvious value that can come from customer interviews, it leaves the question, how frequently do you interact with users?There is no great rule of thumb of how often you should be checking in with users except that the more you talk with your customers about their experience the more data you are able to collect about their impression of your product, the challenges they faced and potentially why they may stop using your product. Product managers are responsible to build out a product roadmap that drives the future of the product and who better than your customers to help you pin point the key features you need to include to be successful? Here are the main areas you should always focus on us a product manager and how frequently interacting with users can help improve your product planning.On boarding: One of the most important parts of building a business around a product is to ensure you have a streamlined and simple on boarding experience for users to quickly setup, adopt and move forward with your product. If a user hits a challenge in the first few minutes of reviewing your product, that may be the only shot you had to keep them interested. So how frequently do you interact with users that are trying to on board? It is 100% okay to ask someone who is trying your product and has not purchased it yet to give you feedback. Schedule calls, cold call or even better setup time in person to meet with the customer who is trying your product. Focus on what they are trying to accomplish and their experience getting setup in your product to accomplish that business need. Did they get stuck? Were they able to use your support documentation? Did they know about the information available to help them? The more you can streamline setup, the more you will convert and grow the business. This should be a very top priority for growing your product and finding features for your product roadmap.Competitor Analysis: Typically someone looking at your product or using your product will be familiar with the competitor landscape and they may have either tried your competition or also looking at it. They are a gold mine for your competitor analysis to learn why they chose you over the competition. What are your strengths? Even better, what did the competition do better than you? What was their support like? What did they like and not like about the various options compared to your product. This is not a time to bad mouth competition but to be able to see where you may want to press your marketing on your strengths and add features to your product roadmap to improve your weakness.Churn Reasons: Ultimately customers leave your product. How frequently do you interact with users that churned? As great as it is to hear from those in trial and those actively using your subscription, hearing your frustrated customers is even more important. The reality is that the large majority of your customers will use your product and if they stop you will never know why they stopped. They have their reasons, but your average customer will not tell you why they quit or have opened support tickets with issues they simply hit some friction and decided to move on. With that being said, if you continue to reach out to churn customers and find one willing to speak up, listen! You need to know why people are leaving and it is really hard to get this data as typically someone leaving may be frustrated or even angry with your product and want nothing to do with it. If you can get them to articulate why they are frustrated and angry hear them pain points and work on solutions to improve those areas as it may be a large reason you have churn.Industry changes: The world is constantly changing and your customers need you to be active in your product management to ensure you keep up with it. This could be new laws that change how they do business, it could be a new business opportunity that was created in their space or a new player in the space that requires them to do business differently. Whatever the driver, always keep in mind your customer needs are always changing and while you solve a pain point, that pain point can shift over time and you need to be constantly reaching out to customers to check in on their business needs and confirm you are still solving the problem they face. Many founders or product managers may have experience in the space they support and assume they know the space enough but the more you are removed from the space to build a product that helps it, the further you are from the day to day needs of the customer base. Avoid banking on your industry knowledge and rely on your customers to ensure you are solving their constantly evolving needs.Overall Usability: Before your product, customers solved their pain points somehow and they used your product to be more efficient and save time, money and energy. For this to remain true, you need to constantly work on your user experience to ensure your product is streamlined to help customers complete their day to day operations or normal use cases within your product. How frequently do you interact with users to watch them use your product in normal day to day operations? By simply watching them use your product you may see them completing extra tasks, needing to do things inefficiently or using it in a way you did not realize. Focus on your usability to ensure you continue to offer a product that solves pain points and is easy to use and adopt. Better usability increases adoption and decreases churn so should always play a role in your product roadmap planning as a product manager.Customer feedback management should always be a critical part of a product managers product planning efforts and by interacting with users you can hear the challenges they face and the features they need you to implement to continue to grow within your product. Always be open and proactive in scheduling user interviews as a product manager because your customers world is constantly changing, and you need to build your product roadmap to support it.Take it easy,The Product HQ team
As a customer, do you always agree to fill out the customer feedback form even if it is optional?
It’s a good practice to fill out such forms so that genuine feedback can be given and reaches the right eyes and ears especially since such feedback is typically processed by senior management ! It also helps companies rise up to customer expectations.
What grade do I have to be in to fill out my fafsa? May I do it as a sophomore? If yes, how do I do it?
If you mean a sophomore in college, then yes, absolutely! You lost the chance for financial aid last year, but don’t lose it again this year ‡ complete your FAFSA right away.If you mean a sophomore in high school, then there’s not really any point to completing your FAFSA yet. Each year’s FAFSA is good for one academic year. If you won’t be attending college (having graduated high school prior) in the 2016–17 academic year, there’s not much point in completing the 2016–17 FAFSA. If you want an idea of what your FAFSA results might be like in a couple years, try the FAFSA4caster.
How can I deal with a contractor in Sweden if I the contract terms did not bind him to deliver in time, and he shows up only once a week?
How can I deal with a contractor in Sweden if I the contract terms did not bind him to deliver in time, and he shows up only once a week?Old Swedish saying “Det Du inte har i huvudet får Du ha i plånboken”. Or, being loosely translated, “You were dumb, it’s going to cost you”.If there is absolutely nothing in the contract that helps, you will have to negotiate. All the power is on the contractor’s side. Luckily, most Swedes are pretty decent, and unlikely to take advantage brutally, just slightly, to teach you a lesson. (Old Finnish saying “Inte skära, bara rispa”).
A contractor undertakes to do a piece of work in 40 days. He engages 20 workers at the beginning and after 30 days, only half of the work was done. How many additional men may be employed so that the work may be completed in time?
Work __________ time ____________workersX _______________40 days1/2 X ____________30days _______20 workers1/2 X___remaining 10 days_______ p workersInverse propotion30 ÷ 3 = 10 _____timeTherefore workers needed p = 20 x 3 = 60More workers to be employed60 - 20 = 40