Time to sell your business…check your emotions at the door

Posted & filed under Business Law.

You have realized that the time is right to sell your successful business, whether it is one that you have spent a good part of your life building, or one that is relatively new.  In either scenario, you likely are emotionally invested in the fruits of your labor and financially invested in your equity and… Read more »

DOES YOUR COMPANY REQUIRE NON-COMPETE AGREEMENTS?

Posted & filed under Business Law.

Many business owners think that non-compete agreements are only needed and entered into by big national and global companies.  Nothing could be further from the truth.  If you own a business of any size that provides a product or service to customers, you should consider requiring your current and prospective employees to sign a non-compete… Read more »

What are Reps & Warranties and Why Do I Need Them?

Posted & filed under Business Law.

When buying or selling a business, more often than not it is the negotiation and documentation of the representations and warranties that requires the most time and effort on the part of attorneys.  While clients typically take on negotiating the major points of the deal (purchase/sales price, form of the transaction, and timing) the attorneys… Read more »

Should I Have a Letter of Intent if I am Looking to Buy or Sell a Business?

Posted & filed under Business Law.

Clients who are looking to buy or sell a business often ask, “Do I need a letter of intent?” The short answer to this question is “no.” However, the response would change to a resounding “yes” if the question were to be rephrased as “Should I have a letter of intent?”. While letters of intent… Read more »