Business Services Legal Manufacturing 
Attorney at Work
JULY 25, 2022
No one knows for sure what the future will look like for legal services. If you’re concerned about your practice and looking for an effective business development technique, I have a suggestion for you: Develop an industry focus, like a niche law firm. Unfortunately, there were no clothing manufacturers in his city.
Strictly Business
JANUARY 25, 2024
Selling your business is not just about finding a buyer and agreeing on a price. Once the basic terms of the deal are agreed upon in a letter of intent , the buyer will want to sift through your business and legal records with a fine-tooth comb. Due diligence allows the buyer to uncover risks when buying a business.
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Strictly Business
FEBRUARY 29, 2024
If the buyer discovers instances of non-compliance with the CTA before the sale, then the buyer could potentially avoid legal issues, fines, disruptions in business operations, or later indemnification claims.
Strictly Business
DECEMBER 21, 2023
Non-Binding; Good Faith Typically, the majority of provisions in an LOI are non-binding, as the parties wish to impose a moral obligation to progress negotiations on terms agreed in principle without creating legally binding arrangements until a definitive agreement has been executed. This article is for general information only.
Strictly Business
DECEMBER 12, 2023
A common exception to the use restrictions included in an NDA are disclosures required by law, regulation, or legal or regulatory request. Oftentimes, the potential buyer will want the ability to share the potential seller’s confidential information without liability if required by a court order or other legal requirement.
Strictly Business
NOVEMBER 2, 2023
The LOI typically includes the business terms (deal structure, purchase price, how the purchase price will be paid, rollover equity, if applicable, and other important financial terms). The LOI may also include an exclusivity period and very basic legal terms. This article is for general information only.
Strictly Business
JANUARY 11, 2024
Even though some of the diligence requests relate to business points, the buyer’s deal counsel will typically lead the due diligence process because business points often overlap with legal points. Business Due Diligence – Due diligence requests target the seller’s operational, commercial, and financial performance.
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