An Asset Purchase Agreement (APA) is a document that solidifies and makes legal an agreement between a buyer and a seller. A solid APA outlines and finalizes terms and conditions related to the purchase and sale of tangible or intangible assets. APAs are legal instruments most often used to transfer ownership of assets, or partial assets, in a company.  APAs may also be used to cover the partial transfer of assets in Read More

Bookkeeping and managing your company’s business transactions can simultaneously be the most dreaded and the most important task to your business’s financial health. Staying on top of the business’s transactions is equally important to small and large businesses alike. In a small company, there is likely to be less of a checks and balance system in place for the transactions that take place. Whereas larger Read More

When a party to a legal agreement doesn’t perform their agreed-upon duties without legal justification, a breach of contract occurs. Though many slighted parties jump to collect monetary awards from the offending party, oftentimes there are better serving remedies that may prove to be equally beneficial. Our previous blog talks about monetary damages available to you, which you can read more about here. Here’s a look Read More

When businesses fail to take charge of their legal issues, they open themselves up to lawsuits from other parties. Anything is possible, which is why it's important for you to minimize risk in all aspects of your business. Take a moment to familiarize yourself with the most common sources of business-related litigation in order to start preparing your company for potential suits today. 1) Breach of Read More

When manufacturers and suppliers need to sell their products or services to the public, they commonly use experts called distributors. As independent entities, distributors serve as a bridge between companies and their customers. Distributors can buy your products for resale at a marked-up price, or they can process orders on your company's behalf, earning a commission on completed orders. If you're planning to work Read More

If you're in the process of drafting a shareholder agreement for your company, you've made a wise choice. The contract will be instrumental in outlining the rights and responsibilities of each shareholder and director, as well as the running of your company. A well-written shareholder agreement should include a “deadlock provision.” What exactly is a deadlock provision, and why do you need one? Let's take a look at Read More

When companies take competition too far, they can cross legal lines and cause serious trouble for other businesses. That's when the concept of “tortious interference” often comes in. One party may be guilty of tortious conduct when they interfere with another party's contracts, business relationships, or other economic prospects, with the intent of causing financial harm. Basics of Tortious Read More