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

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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

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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Year-End Business Planning

As a business owner myself, I have been doing my own year-end business planning. My businesses have performed and progressed well but I have by no means accomplished all of my objectives with any of my businesses. While I work on improving their performance and accelerating their progress each and every day, I use the year…

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Workers Can Be “Intoxicated Persons” Too

For those of you who are purveyors of alcohol or who are counselling purveyors of alcohol, the Ohio Supreme Court recently clarified that a liquor establishment’s workers and independent contractors, if they are served alcohol by the establishment directly or indirectly, are covered by Ohio’s Dram Shop Act, R.C. 4399.18. In Johnson v. Montgomery, 2017-Ohio-7445,…

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“Will You Waste My Money Like the Other Firm?”

This prospective client minced no words. While a question this blunt could take anyone aback, it does deserve a direct answer. Calkins Law Firm is happy to oblige and will always answer “no” to questions like this. Here’s how we differ from the rest. What Sets Us Apart At Calkins Law Firm we care about…

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Why We Recommend a Co-Founders’ Agreement – the All-Important What-Ifs

I recently interviewed the founding partner of a local private equity firm. Something he touched on was the fact that when he established his firm, he had an unwritten, understood 50/50 partnership with his co-founder. Years later, when the two decided to go their separate ways, they struggled through the procedures, protocol, and legal matters…

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Why Mediation is an Effective Form of Dispute Resolution

When entrepreneurs are launching a business, anxious thoughts often permeate their minds. They will think about how they will fund their business, possible contracts, and even future mergers and acquisitions. Few worry about the possibility of litigation down the road. Business owners just like you sometimes get sued. However, must business disputes always be resolved…

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Why Choose Regulation D Private Placement?

At Calkins Law Firm we often work with early stage and growth businesses as they raise money, search for investors, and plan to issue securities. We also find ourselves spending time explaining the logic behind a Regulation D private placement recommendation, since clients always ask, “Why?” A private placement of securities is one that doesn’t…

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Why a Co-Founders’ Agreement Is Key To Smooth Startup Operations

Try as they might to be realistic and practical, co-founders going into a startup are naturally excited to work on making their dream business a reality. That positive energy is necessary to motivate co-founders along the sometimes arduous journey of business creation. But once positivity encounters trials or roadblocks, it could be easy to throw…

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When is the Best Time to Sell a Business?

We are often asked, “When is the best time to sell a business?” Just as often, we are asked, “How does one go about selling a business?” When is the best time to sell a business? It is ideal/optimal to sell a business when there is plenty of credit available to prospective business buyers to…

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