Business of Law

Steps to Take to Sue a Defunct Business 

Steps to Take to Sue a Defunct 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...

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How to Sell Your Business, Part I: The Letter of Intent

How to Sell Your Business, Part I: The Letter of Intent

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...

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When Do You Not Need Privity in Contracts?

When Do You Not Need Privity in Contracts?

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...

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