Preferred stock provides flexibility in structuring investments. It can furnish various dividend and participation rights (such as rights to participate with common stock in proceeds from company [...]
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Warranties can greatly increase the potential liability of a seller in a sale of goods if they are not narrowly tailored to the goods being sold. By way of background, a warranty is a promise [...]
The Pennsylvania Uniform Limited Liability Company Act of 2016 (the “Act”) became effective on April 1, 2017. It applies, however, to all Pennsylvania limited liability companies (“companies” and [...]
The new Pennsylvania Entity Transactions Law, which went into effect on July 1, 2015, brings Pennsylvania in line with many other states in allowing for simple, statutory entity conversions. [...]
In a post called “Anatomy of an Indemnification Provision,” I previously provided an overview of the major features of an indemnification provision – a provision in which one party (the [...]
Parties forming new corporations often file preprinted form articles of incorporation without considering whether they are appropriate for the corporation being formed. Such form articles of [...]
Many types of contracts include indemnification provisions. In a typical indemnification provision, one party (the indemnifying party) agrees to reimburse another party (the indemnified party) [...]
