Due diligence for buying a business is crucial to a successful transaction. Whether a deal is structured as a merger, stock transaction, or asset transaction, a prospective buyer of a business must perform due diligence to ensure that the buyer is getting the business...
Suing a defunct business that owes you money can be a challenge. However, a lawsuit may still be possible to commence a lawsuit against a business that no longer exists. While these matters are legally complex, having a knowledgeable business attorney is important to...
Business law exists in two distinct worlds —theory and practice. While theory may be found in textbooks and legal principles, lectures, and ivory towers; practice is something that attorneys experience in the courtroom and through dealing with judges and clients and...
Due diligence is a critical step toward closing the deal when buying or selling your business. This phase comes after the letter of intent has been provided — and before the purchase agreement is drafted or signed. Whether you’re buying or selling a business, it’s...
Selling a business can be complex. A business sale involves considerable negotiation. After the buyer and seller have come to a basic agreement regarding the business sale, the buyer will typically send a letter of intent to purchase the company. This letter...
Privity is between the promisor and promise — the individuals who are the contracting parties. Some contracts draw in people other than the parties to the agreement. For example, a third-party beneficiary is not a contracting party, but can still receive a benefit...
