What Is An Asset Purchase Agreement? An asset purchase agreement is exactly what it sounds like: an agreement between a buyer and a seller to transfer ownership of an asset for a price. The difference between this type of contract and a merger-acquisition transaction is that the seller can decide which specific assets to sell...
Running your own business is a cornerstone of the American Dream. Those with a unique business idea and the right amount of drive and capital tend to build their own company from the ground up, while others prefer to enter the business arena by buying into a well-established franchise. A franchise is essentially opening a...
If ever there was a super legal-sounding term for a fairly common occurrence, it would be injunctive relief. It essentially means to get someone to stop doing something. In other words, you want to enjoin (stop) the other party from doing something. The act of getting them to not do that something is your desired outcome or...
Mergers and acquisitions are a risky and time-consuming part of doing business—but when they work out, they can help a business experience substantial growth and expansion in new markets. An important step in the mergers & acquisitions process is drafting a letter of intent. It paves the way for a successful purchase. Goals of a...
Miami, Florida (October, 2019) — The Trembly Law Firm announced today that Christian E. Rodriguez, Esq., has been promoted to Managing Partner of the Firm. Mr. Rodriguez had been serving as Chairman of the Litigation Department since his arrival at the firm in March of 2017, and was named a Partner in May of 2018....
If you are a director or officer in a corporation, it is important to know the fiduciary duties you owe the corporation, as there may be some dire consequences if you fail to live up to them. These consequences can go as far as criminal liability. The two most important fiduciary duties owed to the...
When it comes down to it, business is all about contracts. While business would run smoother if everyone carried out their duties with just a verbal agreement, contracts are ultimately the best way to hold partners, clients, and service providers accountable. As a business owner, understand how a bad contract can impact your business and...
A legal dispute can quickly become more expensive than either party anticipated, particularly when you consider lost productivity and work time. At some point, settling out of court may become a viable option for both parties, allowing them to move on. An Overview of the Mutual Release A mutual release permits both parties to stop...