Sometimes small business owners find themselves bound to contracts that seem unfair, were not fully understood or the market has made a drastic shift. If you’re wondering whether you can get out of a contract, here are some factors to consider.

Every business, whether new or established, needs reliable professional support to thrive in today’s competitive landscape. While finding the right fit for roles like accountants, marketing consultants and lawyers can be challenging, a trusted business lawyer should be at the top of your priority list. Here’s why a good business lawyer is indispensable and how to find the right legal partner.

Promissory notes are a key financial instrument, often used to document a debt owed. Here’s a closer look at what

1. Unlocking Your Business’s Potential Value Understanding what makes your business valuable is crucial before pursuing a sale or merger.

Business agreements are critical to smooth business operations, but they can also be a minefield of potential mistakes that even experienced owners make. Here are some of the most common pitfalls to watch out for in business agreements and how to avoid them.

Valuation differences between buyers and sellers are a common hurdle in closing business acquisitions. To address these gaps, earnouts have emerged as an effective tool, linking part of the purchase price to the future success of the acquired business. This article delves into the concept of earnouts, outlining their benefits, potential drawbacks, and best practices for use in mergers and acquisitions (“M&A”) deals.

For a growing company, an asset purchase agreement can be a strategic opportunity. Unlike mergers or stock acquisitions, an asset purchase lets the buyer choose specific assets from the target company, allowing them to bypass unwanted liabilities. However, this approach isn’t always liability-free. Courts have established multiple exceptions to the non-liability doctrine, and buyers may still end up responsible for certain obligations depending on how they operate the acquired assets post-sale.

When buying or selling a small business, an asset purchase agreement (“APA”) typically governs the transfer of business assets from seller to buyer. While having a lawyer draft and negotiate the APA is highly recommended, understanding its basics is useful for both sellers and purchasers.

Contracts aim to establish clear agreements, yet disputes can still arise despite thorough drafting. Research shows that poorly managed contracts can cost up to 10% of annual revenue. Preventing contract disputes can be challenging, especially without extensive contract expertise. Such disputes consume time and resources, highlighting the importance of proactive strategies. Seeking guidance from an experienced contract dispute lawyer can be invaluable when issues do arise. Here are essential steps to help avoid contract disputes and preserve organizational integrity.