What is litigation? Many people have heard of litigation and have a basic understanding of it. Generally speaking, it is what happens when two parties disagree about something and make a legal case out of their grievances. Litigation is a way to describe the legal...
“You set the price, and I will set the terms” is the age-old saying when it comes to selling a business. The price is not paramount when it comes to exit planning. The terms are. Lots of things go into how how the price and terms are set. This video talks...
Patents are a practical reality for any business that participates in the development of novel processes or products. And, not surprisingly, patents in estate planning merit special consideration. They may be accidentally neglected, like trademarks and copyrights,...
Sales of shares, membership interests, partnership interests, etc. can be done in a variety of ways. Of course it’s customizable and can be tailored to the needs of the client. What’s common to all entities is the structure involved. We typically approach it...
Remember that some entities allow for slicing and dicing of rights with respect to shares of ownership. That means that you can own voting rights and economic rights, and you can separate the two of them. Other entities do not have that type of flexibility. In...
It’s very common to build in a right of first refusal into a governing document. It’s a way of keeping the shares in the family. The way it works is that the partners have a right to match the material terms of any bona fide offer from a third party....