If you need a business law attorney, we have extensive experience serving business entities of nearly all sizes. Our Business Attorneys apply a personalized approach to our client’s legal needs, regardless of where their business might be along its growth curve. Whether you are focused on starting a business, growing or selling your business, or resolving disputes related to your business, our business lawyers have the tools and experience to help you accomplish your goals.
When it comes to drafting and resolving business disputes and disagreements, it is important to choose a law firm that provides its clients with the exceptional legal services needed. A good business firm is one that provides clients with sound advice, and also helps to decrease the risk of a legal dispute. We take a look at the following services, which are all available at Schleifman Law, PLC at a fair and reasonable price:
A Purchase Agreement is sometimes called a Sales Contract or a Purchase Contract. It defines the terms of the transaction for goods. These goods may be property, vehicles, business assets or other types of goods. The purchase and sale agreement provides legal protection for both the buyer and the seller. Purchase agreement documents can be used to enter into a purchase contract between individuals, married couples, businesses or trusts.
This purchase agreement is used for general purposes. However, there are also documents for the following:
A “Bill of Sale” document is used in the transfer of property and often in an exchange of money transaction.
A business acquisition agreement is also known as an asset purchase agreement (APA). It contains provisions stating what assets are being transferred, as well as what assets are excluded. Along with this, the agreement also contains a provision that deals with how the purchase price will be allocated among the assets that are being transferred. This has tax consequences for both the buyer and the seller.
Acquisition agreements contain representations and warranties that the seller makes to the buyer about the business being acquired. They also contain a section on the conditions required for the buyer and/or seller that has to be fulfilled in order to close the purchase. A business acquisition agreement can be complicated, and it is, therefore, recommended that a buyer or a seller uses attorneys who are familiar with structuring, negotiating, and drafting acquisition agreements as soon as the decision is made to sell or to buy a business.
An equipment lease agreement is an agreement in which the lessor, the owner of the equipment, permits a lessee to use the equipment in exchange for periodic lease payments. In leasing terminology, the owner is the lessor, and the user is the lessee. The equipment leased can be machinery, vehicles or any other equipment. The lessee is conferred with the right to possession and the use of the equipment for a certain period in return for periodic payments, while the equipment is being leased. Simply put, a lease agreement is a contract between two parties.
One can rent out commercial property by using a commercial lease, which gives your consent to assign or sublet the commercial lease as a landlord with a license to assign or a license to sublet. You can use this agreement to share office space with another business or to rent out your own home office to your company or to end a lease early. Leasing commercial space as a landlord is subject to less regulation than letting to private tenants, but you should still make sure you use the appropriate legal documents to safeguard you and your property.
A partnership agreement is used for partnerships whereas an operating agreement is used for Limited Liability Companies (LLCs). A multi-member LLC has members while a partnership has partners. A Partnership Agreement is also known as:
It is a contract between two or more business partners that is used to establish the responsibilities of each partner, the profit and loss distribution of each partner, as well as other rules about the general partnership like withdrawals, capital contributions, and financial reporting. A Partnership Agreement sets out guidelines and rules for business partners to follow so that they can avoid disagreements or issues in the future.
A teaming relationship or a strategic alliance is entered into between two or more contractors possessing complementary skills and resources in order to provide the customer with an integrated plan to deliver products or services. These agreements can be effective arrangements for two or more contractors seeking to pool resources (and share costs) in pursuit of government contracts. Hiring the right team of attorneys will be able to assist you to determine if a teaming agreement will work for you, and it will ensure that the agreement is documented properly.
A stock purchase agreement is a legal contract that documents the specific details of an agreement between a purchaser of company shares and the seller. It is intended to protect both parties involved in the transaction. The form of stock purchase agreement contains comprehensive representations, warranties, covenants, and indemnification provisions which are typically found in stock purchase agreements involving the sale of all or a majority of the outstanding stock of a target company to a third party buyer. The agreement ensures that each holder understands and agrees to the conversion of the notes, and it exercises the warrants for shares of the common stock of the company. It allows purchasers execution of certain agreements relating to the purchase and sale of such securities as well as any rights relating to such equity securities.
The marketing services agreement usually serves as a contract between two organizations, where one agrees to handle specific aspects of the other’s marketing activities. They may be designed to maintain the high quality of produce that is on the market, standardize packages and containers, regulate the flow of the product to the market, establish reserve pools for storable commodities, and authorize production research, marketing research and development, and advertising.
These agreements are contracts between the employer and employee:
Liquidation is when a company’s assets are extracted and used to pay off any remaining debts before that company is dissolved. A liquidation agreement fills out the details when the parties agree to liquidate any remaining assets via a public auction to be held at a specified time and at a location suitable to both parties. Once all assets have been liquidated, any proceeds will be used to resolve any outstanding debts related to the partnership. Any remaining proceeds will then be distributed between the partners in accordance with the separate partnership agreement.
These types of agreements include a contract through which the parties agree not to disclose information covered by the agreement. The agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. A non-compete and non-disclosure agreement is enforceable under the applicable law.
A promissory note refers to a financial instrument that includes a written promise that is made by one person (maker) to pay a specified amount of money to another on demand or at a given future date. Promissory notes are often negotiable and may be secured by the pledge of collateral. Promissory note loans combine features of both traditional bank loans and bonds.
These agreements are intellectual property rights. They are frequently licensed to another manufacturer to enable that manufacturer to manufacture and/or sell goods. Most franchise agreements contain a license to use the franchisor’s trademark, brand names, and his know-how. These contain mostly distribution and agency information in relation to a sales channel, and licensing that relates to not only a sales channel but also potentially a manufacturing relationship.
These are signed contracts, which are common when two or more people do business together. It includes the portion of the insurance policy in which the insurer promises to make payment to or on behalf of the insured. The insuring agreement is usually contained in a coverage form from which a policy is constructed. The agreement outlines a broad scope of coverage, which is then narrowed by exclusions and definitions.
Schleifman Law, PLC has extensive experience in serving business entities of nearly all sizes. We apply a personalized approach to our client’s legal needs, regardless of where their business might be along its growth curve. Whether you need help to draft business agreements or help to resolve disputes related to your business, our business law attorneys have the tools and experience to help you accomplish your goals. Contact Schleifman Law, PLC today for all your business law transaction needs.
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