This month, #Mattthelawyer was a guest on the Insights from Casetext podcast with Mike Whalen. In this podcast they talk about how lawyers can write better contracts, fulfill their clients needs through quality contracts, and use a language that everyone can understand. https://www.youtube.com/watch?v=431cz-V1IZ8&feature=youtu.be ...
I have another contract rant to get out of my system. I was reading through the blog of one of my favorite writers, Ken Adams, who is the author and editor of Manual of Style for Contract Drafting, which I use heavily when writing contracts. Ken...
I’ve been feeling a contract rant coming on for some time now, so it is time for me to channel my inner Dennis Miller. Recently we had an occasion to be working with a client on a business purchase. Part of the business purchase required some...
One of the things I often preach about when it comes to contracts is do not put any kind of phrase or clause that you are not prepared to enforce 100%. I bring this up because I had an opportunity to meet a business owner who...
I’d like to take a moment to talk about disparate or unequal ownership shares in a business. Over the last couple of months, I’ve encountered a couple of family businesses as current and potential clients. It is common for a one owner to give a smaller share of...
I recently had an interesting meeting with a potential client. This gentleman was preparing to set up two businesses with partners that were family members. Family partnerships and family businesses are tricky. I often mention that if you are planning to go into business with family, there are a...
TIn a previous post I talked about issues related to the death of a partner and the difficulties that can surface if the partners have not discussed a business succession plan at any point. Today’s post is also somewhat morbid. This time we are talking...
For the past several weeks I’ve been talking about partnership agreements and how to legally structure a partnership. But, this post is a little bit different. It’s a little more personal and frankly a tad morbid, I suppose. I’ve been working with a client, two partners...
This month we are looking at partnership agreements. We are doing our best to make sure these concepts are not scary for you. We want you to be a part of your partnership agreement and make sure your voice gets heard in these major business decisions....
What happens if business partners need to split? What if they need to sell? How can partners maintain control of a company as people get married, divorced, or pass away? These are serious questions that are a reality for many business partnerships. Before we jump...