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...
https://vimeo.com/1010611788?share=copy What is the Corporate Transparency Act? The Corporate Transparency Act or the CTA is an act of Congress passed by the United States and administered a Financial Crimes Enforcement Network or FinCEN. The CTA is to enhance...
A contract is a legally binding agreement between two or more parties. If you own a business, you likely enter into contracts all the time — and it’s important to understand the mechanics of these important documents. To be enforceable by a court, a contract must meet...
A contract is a legal agreement between two or more parties. If a party fails to fulfill their obligations under the contract, they can be held responsible for breaching the contract. A breach can include anything from failure to deliver the goods or services on time,...
