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If you are in client service, it’s always a good idea to have a contract with your clients. In the contract, you can establish key terms of your relationship with your client, such as compensation, how either party may terminate the...

Quite often we have clients whose primary goal is to have a contract that is “readable” to the other party, and does not scare them off. This comes up quite frequently with client agreements for businesses we represent, as businesses don’t want...

On a number of occasions, we have been asked to draft a partnership agreement for a real estate venture. The typical setup is one party, who we’ll call the “Investor Party”, invests the capital necessary to build or renovate a property...

When buying a business, regardless of type, how the purchase price is paid is of paramount importance. If it is paid in a lump sum at Closing, then there is no issue presuming the ownership of the business transfers at Closing....

When you’re thinking about selling or buying a professional practice – meaning a business requiring a license to practice, such as a medical, law, dental, chiropractic or optometry practice – the first thing you need to do is determine whether you...

As Your Contract Lawyer has explained previously (here and here), in addition to being utilized for the purchase of a company, a purchase and sale agreement can be used for the purchase of some or all of a company’s assets. These assets can...

In episode 23 of HBO’s ‘Silicon Valley,’ Erlich and Big Head agree to form an “incubator” called Bachmanity as a general partnership, with each character pouring all of his personal cash and assets into the partnership, save for Erlich’s shares...