Sometimes, it’s hard for businesses to reach a deal on an acquisition or merger. This is sometimes because of a difference in the valuation of the businesses. One option that some businesses use to address this issue is to set up an earnout as part of the deal. It’s...
Year: 2021
Are you setting your business partnership up to fail?
If someone told you that your new business partnership is doomed to failure, you are unlikely to be happy. Yet, statistics show it is the truth. Various studies have been done to assess the percentage of business partnerships that fail, and the consensus seems to be...
Reasons you can legally terminate a business contract
Sometimes parties get into a contract, only to find out at some point that things are not working out as they expected. You may be able to terminate the contractual agreement in that situation under certain circumstances, but you must first determine if you meet the...
Why you need to include an “out” in your business contracts
When you create a new business contract with someone, you need to remember that times are uncertain and things can change. With that in mind, it’s always wise to stipulate an end date on all of your agreements -- along with information on when (and how) a contract...
When your clients don’t pay up, what can you do?
There are always a few clients who ignore your invoices and let the 30-day mark pass without a word. Obviously, you don’t want to constantly chase the money you are owed, but you can’t afford to ignore the situation, either. So what do you do? You may eventually find...
Can you break a commercial lease if your revenue is lower than expected?
As a business owner, you thought that the commercial space you found was ideal. It has turned out, however, that it’s far less attractive than you expected. The foot traffic is lower than you anticipated, and your earnings are much lower than you had dreamed possible....
Help! I just got served with a lawsuit for my business
First, take a deep breath. You are going to get through this. Sooner or later, all businesses face litigation of some sort, so you are in good company. The next thing you should do is contact your business law attorney. Lawsuits are on a timeline, and the clock starts...
Learn how to head difficult clients off at the pass
No contractor wants to get into the practice of turning down work, but if you want to avoid a big load of stress and drama, there are some clients that should be given a wide berth. Below is some information that can help you cope with difficult clients — and perhaps...
Common challenges to be overcome as a real estate developer
Being in the real estate development industry can be exciting and rewarding, but also challenging. To some extent, property development is about taking risks and managing those risks. It also requires strong interpersonal skills and being able to deal with...
Why partner with a business attorney ?
Business owners may face a variety of challenges as they work to build and grow their success. You may be able to address some of these challenges without legal guidance. For example, you likely will not need attorney assistance when making employee schedules that...