Term Sheets or Letters of Intent (LOIs) are commonly used in the buying or selling of businesses or other key contractual relationships. The purpose of LOIs are to clearly state the principal [...]
Five Things Every Business Leader Should Know about Confidentiality Agreements
In Corporate Issues PostedConfidentiality agreements are among the most common types of commercial contracts. Businesses use confidentiality agreements to protect their valuable, non-public business information in [...]
Recent Change to Pennsylvania Mechanics Lien Law Provides Safeguard for Secured Lenders
In Corporate Issues PostedA considerable problem for real estate lenders existed when a potential borrower approached a lender for a construction loan after construction commenced. The prior version of the Pennsylvania [...]
The like-kind exchange rules permit deferral of the obligation to pay federal income tax when an asset, which has been held for productive use in a taxpayer’s trade or business or for investment, [...]
Recent news has been littered with examples of companies that have had their data systems breached or hacked, resulting in the release of confidential information to the public. In simple terms, [...]
Some studies have found that a company’s average cost of a data breach can exceed $5,000,000. This cost does not factor in the additional damage that a company’s reputation will suffer, along [...]
In the recent case of Bross Trucking, Inc., the Tax Court provided further guidance to taxpayers about a technique we have long known to be beneficial to shareholders of C corporations. When a C [...]
Entering into a new contract is an exciting time for any company. The agreement is signed with the hope that it will grow the business and result in a long and beneficial relationship between [...]
There is a growing trend among businesses to use a hybrid contractual model when selling products to their customers. That is, companies are using signed and printed agreements in conjunction [...]
Chapter 11 bankruptcy filings can threaten businesses across all industries. If a customer to whom you have extended credit files for Chapter 11 bankruptcy protection, the company risks losing [...]