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Common Legal Issues in Business and How to Address Them

June 12, 2024

According to The Zebra [1], 90% of all businesses experience a lawsuit at some point in their lifespan. That’s ‘virtually’ every business ever. Whether you’re a big or small business owner, you must expect it. So many things can go wrong legally when running a business, and some of these issues can damage your business…

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How to Resolve Business Disputes Quickly and Effectively: A Step-by-Step Guide

June 12, 2024

Every business owner must learn the valuable skill of resolving disputes. This skill will become useful at one point or the other in your business life. It will save your business from litigations costing thousands of dollars, severing business relationships, reputational damage, and waste of time and other resources. According to the U.S. Chamber of…

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Legal Closing Checklist in Mergers and Acquisitions

June 12, 2024

Legal Checklist for Closing an M&A Deal Why do you need an M&A closing checklist? Did you know that approximately 10% of all large mergers and acquisitions are canceled yearly? Out of over 2,500 deals announced between 2013 and 2018 and valued at over €1 billion, 265 deals were canceled. What could cause these cancellations…

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The Legal Challenges of Selling a Family-Owned Business

June 12, 2024

So, you’ve decided it’s time to sell your family business and start a new chapter for you and your family. You must understand that this process is a complex and emotionally charged one. The intertwining of family dynamics, personal relationships, and the legacy built over generations adds layers of complexity that require careful consideration. It’s…

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The Role of Legal Counsel in Business and Contract Negotiations

May 3, 2024

A study by the International Association for Contract and Commercial Management revealed that over 40% of businesses reported a negative impact on their business relationships as a result of contract disputes. Many of these disputes emanate from poor attention to detail during the negotiation phase. You can eliminate that challenge by working with an experienced…

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The Importance of Due Diligence in Mergers and Acquisitions

May 3, 2024

According to a study conducted by M&A consultants Alan Lewis and Dan McKone, out of 2,500 M&A deals analyzed, more than 60 percent resulted in lost shareholder value. Most research indicates that only about half of M&A activity meets its objectives, making it essentially a coin toss. Due diligence is the lifeblood of any financial…

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Navigating Mergers and Acquisitions: Legal Steps Businesses Must Take?

May 3, 2024

According to Statista, thousands of M&A deals happen in the US yearly. In 2021 alone, there were over 24,000 M&A transactions, the highest recorded since 2000. However, many of these deals end badly for either the buyer or seller or even both. This is because M&As go beyond just the transaction; they extend to cultural…

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M&A (Mergers and Acquisitions) Litigations: Common Disputes and Resolutions

May 3, 2024

Whether you’re buying or selling a business, litigations can adversely affect your progress, finances, time, and other resources. Mergers and acquisitions can pose complex legal and financial issues even after years of closing the deal, which is why you must proactively mitigate any possible risks before they become a challenge. Most potential disputes that may…

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What are the advantages and disadvantages of an LLC?

October 17, 2022

When it comes to creating a business entity, most business owners opt to go with an LLC. However, every business has different needs, circumstances, and goals. An LLC may not necessarily be the best entity to go with for all business owners. Before deciding to form an LLC, it’s important to learn what the advantages…

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Get It In Writing!

October 10, 2022

I can tell you from experience – both my own experience and the experience of others with whom I have spoken over the years – get it in writing. Get it in writing – or wish you had. I was reminded recently of what too often happens when plans and arrangements and understandings are NOT…

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When is the Best Time to Sell My Business?

October 3, 2022

Perhaps Kenny Rogers said it best, in his epic song “The Gambler.” “You got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run.” Every business owner wrestles with the age old question: When Is the best Time to Sell My Business? Obviously the answer to…

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How to Handle Debt As A Small Business

September 26, 2022

12 Ways to Cope with Debt and Keep Your Business Alive Be Honest Get in touch with creditors, customers, and vendors and let them know that you’re in financial distress. This one move could buy you time, or at least make all parties aware as the first step to a sustainable payoff plan. Customers who…

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The Different Types of Breach of Contract

September 19, 2022

What is the definition of breach of contract? At its core, breach of contract means breaking the terms of a written or verbal agreement. Breach of contract sounds pretty straightforward. Either you do it or you don’t. What Is a Fundamental Breach of Contract? The most obvious type of breach of contract is a fundamental…

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7 Common Legal Mistakes You Should Avoid in Your Business

September 9, 2022

Starting and running a business can be challenging. Business owners have to manage employees, ensure excellent customer service, work on marketing, and more. Among all the chaos, business owners tend to neglect the legal aspects of their business, which ends up hurting them in the long run. Here are seven common business legal mistakes you…

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John DiJulius

Creating A Customer Service Revolution by John DiJulius

September 6, 2022

In our season kickoff – back in person – we’ll hear from John Dijulius. Ticket includes breakfast, networking opportunities, and a Q&A. About this event About John DiJulius John DiJulius is redefining customer service in corporate America today. He didn’t read the books on customer service, he wrote them. One of the most captivating and…

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5 Things to Look For In a Damages Expert

August 29, 2022

In connection with commercial litigation, it will often become necessary to hire a “damages expert.” The damages expert will familiarize him or herself with the facts of the case and the underlying claim, and then develop an estimate of the value of the claim, also referred to as “damages.” A damages expert can be essential,…

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The Pros and Cons of Alternative Dispute Resolution

August 22, 2022

One of the worst things that business owners and professionals can face is litigation. The problem with litigation is that it can be very costly and time-consuming. It is also mentally and emotionally taxing, which is why most people prefer to avoid it. This is where alternative dispute resolution (ADR) comes in. An increasing number…

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The Critical Importance of Exhaustive Discovery

August 15, 2022

Let’s get into the fascinating world of discovery. I remember my initial experience of the term like it was yesterday. During my early years in private law practice I assisted the seasoned attorneys with discovery. It sounded beyond exciting, as if we’d be tackling fast-paced scientific exploration, investigating stem cell research, or doing something even…

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John DiJulius

Creating A Customer Service Revolution by John DiJulius

August 8, 2022

About John DiJulius John DiJulius is redefining customer service in corporate America today. He didn’t read the books on customer service, he wrote them. One of the most captivating and charismatic speakers today, John’s keynotes and workshops are used by world-class service companies to provide unforgettable customer service every day. In his high-energy presentations, he…

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8 FAQ Regarding Contracts

August 1, 2022

What is a contract? A contract is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law recognizes as a duty. In other words, a contract is a promise that is enforceable by law. What are the requirements for proving the existence…

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What You Should Know About Breach of Contract with Fraud Claims

July 25, 2022

Contracts are used in business to create legally binding agreements between parties. Violating any of the conditions or terms of the contract is referred to as a breach of contract. A contract breach can result in a civil cause of action that may result in a variety of damages, including monetary damages and specific performance.…

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Three Types of Buy-Sell Agreements

July 18, 2022

There are three general types of buy-sell agreements. They are often defined as: fixed price, formula price, and valuation process. Fixed price agreements are exactly as they are advertised – the price is set in the agreement, and that price stands until the agreement is updated. Fixed price agreements tend to result in a fairly high…

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Winning Big In Court: End Goal, or Idealized Outcome?

July 11, 2022

We live in a society that’s familiar with the legal process, but most everywhere we look we see a version of the legal world that isn’t true to reality. A key player in this misleading charade is the “big win.” Entertainment plays it up, as do sensational news stories. After so much exposure to the…

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Finding a Business Acquisition By Creating a Deal Magnet

July 5, 2022

Finding a Business Acquisition By Creating a Deal Magnet Recently a prospective client approached me for help with a business acquisition he hoped to make. The prospect had yet to identify a suitable opportunity but knew he wanted to acquire a manufacturing business. He spoke as well of forming a search partnership to make several…

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The Critical Importance of An Acquisition Action Plan

June 28, 2022

With any business acquisition, we can recommend and prepare a comprehensive business acquisition strategy. At the top of the to-do list is a thorough consideration of all tax-related aspects of the contemplated business acquisition. This consideration should precede drafting a letter of intent. Over the years, I have observed that many clients will proceed to draft…

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Buying a Distressed Business Can Be a Good Acquisition

June 21, 2022

For some buyers, but not most, buying a distressed or troubled business can be the right move. Buying distressed businesses is a risky acquisition strategy – but with potentially great rewards. Recently a client of mine bought a business that was so troubled that it had been shut down altogether and “mothballed.” My client knew…

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When Conducting An Acquisition Search, Be Both Systematic and Opportunistic

June 14, 2022

It occurs to me that when you search for an acquisition opportunity, it is very important to be both thoughtful and systematic. After a great deal of thought, determine what type of business you seek to acquire and why acquiring such a business makes sense for you.  As part of this process, I recommend creating…

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5 Questions to Ask When Thinking About Buying a Business

May 31, 2022

I have assisted with many business acquisitions over my decades practicing business law, most of it focused on business transactions. Along the way, I have helped literally dozens of clients and budding entrepreneurs acquire their first businesses.  In most of these cases, I also helped the client identify the acquisition opportunity. I list below a…

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The Importance of Letters of Intent and Term Sheets in Business Acquisitions

May 24, 2022

I recommend that letters of intent, and term sheets, that cover all of the major business points concerning the contemplated transaction, be sufficiently detailed. Why? Because unless there is a fundamental agreement regarding the important business points between or among the parties to the transaction, there is little to no legitimate reason to invest additional…

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RSVP is Open: Intellectual Property In Business Transactions

May 17, 2022

The Critical Importance of Intellectual Property In Business Transactions May 20, 20229am – 10:30am EDTZoom MeetingFREE with RSVP Kathryn Perales of the Calkins Law Firm is an experienced intellectual property attorney who has practiced law for over 20 years in both Ohio and Texas. She has assembled a panel of experts to discuss intellectual property…

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