When I consider all the claims our law firm is asked to handle, breach of contract is at the core of most of them. This is because at its essence, a business is a bundle of relationships. You have relationships between you and your customers, you and your vendors, and you and your employees. And […]
The Different Types of Breach of Contract
What is the definition of breach of contract? At it’s core, breach of contract means to break the terms of a written or verbal agreement. Breach of contract sounds pretty straightforward. Either you do it or you don’t. But it’s more complicated than that as illustrated by the four different types of breach of contract. […]
Tips for Preparing Your Business for Sale
Most business owners don’t plan to sell their business. They do it because they have to. The days where you could assume the next generation would take on the business are long gone. Whether it’s a forced retirement due to health issues or a lack of capital, there comes a time when a business needs […]
The Steps in Due Diligence when Buying a Manufacturing Business
One of the first questions I am asked by clients looking to buy a business is, “What do I have to do for due diligence and how much will it cost?” At least, I hope they ask. A concerning number of people looking to buy a business do not do the basics of due diligence. […]
Three Types of Buy-Sell Agreements
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 […]
Five Ways Venture Capital Can Hurt Your Startup
The venture capital world is often at odds with the goals of young startups — and in some cases, it can lead to their destruction. I recently met a guy I’ll call “Tom.” After 7 years of “blood, sweat, and instant noodles,” Tom built his startup into an exciting enterprise. He raised a hefty round […]
6 Things Venture Capitalists Want to See Before They Invest
Many entrepreneurs looking for funding from Venture Capitalists know nothing about how the venture capital investment process actually works. Accessing venture capital is a slow process and requires lots of time and trust. Taking on venture capital investment is taking on a partner – a partner who will want an active say in how you […]
5 Things to Look For In a Damages Expert
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, […]
Get It In Writing! Plus November CFE Event Announcement
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. We at CLF are involved at present with helping an entrepreneur form and launch several new (and related) entities. Taken together, this project involves not only […]
Explore Settlement of Commercial Litigation Early On
Yes! Explore Settlement of Commercial Litigation Early On and Repeatedly Thereafter Recently a client who CLF’s team of attorneys is representing in connection with a lawsuit with respect to one of his businesses and a former employee of that business asked us whether we thought we should explore settlement of the lawsuit. Several of the […]
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