Although often styled as non-binding, certain terms contained in a letter of intent (LOI) are intended to be legally binding. Problems can arise if the parties do not give proper focus to the [...]
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On June 21, 2018, the United States Supreme Court decided in South Dakota v. Wayfair, Inc. that South Dakota is permitted to collect sales tax from online retailers who sell in the state and have [...]
A well drafted non-disclosure agreement is crucial during a competitive bid process, during which the selling entity may share proprietary information with prospective purchasers, including [...]
Agreements made under seal in Pennsylvania are subject to a 20-year statute of limitations, which means that the party enforcing its agreement has up to 20 years from the date the agreement is [...]
Buyers expect target companies to have a “normal” level of net working capital (Receivables + Inventory + Prepaids – Payables) upon closing a business acquisition. Many times, we find privately [...]
Is more than 10% of your company equity held by foreign investors? If so, you likely need to file the BE-12 by June 30th. Every five years, the Bureau of Economic Analysis (a Bureau of the US [...]
Many industries develop their own “ecosystems” within which member firms develop essential links with each other. Sometimes these bonds are so critical that their absence would compromise the [...]
With data privacy firmly in the public consciousness and calls for regulation made daily, inquiries into the data practices of an acquisition target, especially regarding personally identifiable [...]
On May 25, 2018, the EU General Data Protection Regulation (GDPR) takes effect. The GDPR will impact any US business that (1) collects information directly from EU citizens (e.g., online sales, [...]
This post was written by Bryan Seigworth. On Wednesday, September 13, 2017, citing national security concerns, the White House issued an Order blocking the acquisition of Lattice Semiconductors [...]
