Your Business Deserves To Thrive
When you are involved in a deal, whether it is a large strategic transaction, or a possible merger, acquisition, stock sale, or going public, you will start hearing the words “due diligence” thrown around. A lay person may not be familiar with this term, and it may not make sense. If you are like most business owners, you don’t play…
Do not wait too long for advice. While meeting with a group of experienced consultants recently, we discussed mergers, what had worked, and what had not. We talked about clients from the nonlegal side, who wait too long to get advice on their mergers. They start doing things, preparing paperwork, discussing terms, and only later involve a team and lawyers.…
Do you need the services of a law firm, or have you ever considered using LegalZoom, the popular internet software for filling out online forms and documents? Or perhaps one of its competitors? Here are a few things to consider. LegalZoom documents state that you should use that service in conjunction with a lawyer because you should have your own…
There may come a time in your company’s business when you must decide if you need to consult a lawyer. Here are some factors that can help you determine whether this is indeed necessary or not. #1. What is the amount at stake? If you are looking at low dollars, it is probably not cost beneficial to involve a lawyer.…
As your business grows, you are going to have challenges. Our friends at Strategic Coach would call this the “ceiling of complexity.” At some point, your business will get so complicated that you will not be able to manage it effectively. You cannot figure out how to make the business work better, and it will not grow without new thought or…
Conflicts are going to happen, even in the most successful partnerships. As a partnership develops, some of the biggest struggles can be finding solutions to these conflicts. One of the reasons people shy away from partnerships is the possibility of disagreement. How do we put arrange things to make sure that the partnership minimizes the risk of disagreement and keeps…
They’re out there everywhere. There’s form of contracts for this and form of contracts for that. In our prior blogs, we’ve warned about some of the risks of using forms for your business, but what about when a form’s presented to you by a vendor or by a customer? Do you just take it and sign it? The answer should…
In the business world, NDAs or non-disclosure agreements are very common. It’s very typical for people early in the transaction to pass NDAs or non-disclosure agreements around and ask each other to sign them. Many people don’t think much about signing them. They just say oh, it’s an NDA. Sign it, but you need to be very careful about what…
There’s a lot of information out there. Deals can be very complex. What may look good for one company may be bad for another. That’s why it’s so critical you get independent advice. You need somebody in your corner. We as attorneys are used to dispelling independent advice. That’s our job. It starts with a conflict check, where we make…
You know, the word conflict check rolls off a lawyer’s tongue very easily. It’s something we’re used to doing. Essentially, the way our attorney ethics rules are written is we’re only allowed to work with one client in a particular deal if their interests are out of alignment with another client. We can work together with two clients if their…