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Business Transactions Posts


Three Questions to Ask Before Selling Your Business

Selling a business should never be done on a whim. If you think it’s time to sell your business, start working carefully through the possible implications of doing so.

Date: 10/09/2015 | Category: Business Transactions

Contact Existing Franchisees Before Signing a Franchise Agreement

You have identified a franchise concept that you are extremely interested in. You have met with the franchisor’s sales staff, completed an application and are impressed, so far, by what you see. However, before taking that next step, before paying a franchise fee or signing a franchise agreement, contact existing…

Date: 09/14/2015 | Category: Business Transactions

Making Your Non Compete Agreement Enforceable

Many businesses in New York require each employee to sign a non-compete clause. These contracts prevent employees from entering into or starting a similar profession or trade that will compete with the employer. Without a non-compete agreement, an ex-employee can immediately gain a competitive edge by exploiting trade secrets, employee…

Date: 08/23/2015 | Category: Business Transactions

Withdrawing from a Business Partnership

When you’re forming a business partnership, the last thing you want to think about is what will happen if one of the partners decides to leave. Withdrawal from a partnership is a critical issue that should be discussed and addressed at the beginning of your business partnership. Waiting until a…

Date: 08/20/2015 | Category: Business Transactions

Strategic Planning for Small Business: What We Have Learned So Far

In last month’s Business & Franchise Law Report, I briefly mentioned the book “Scaling Up” and my confession that as a business owner one task that I needed to do a much better job of was putting in place a “strategic plan” for our law firm.

Date: 07/31/2015 | Category: Business Transactions

Licensing Private Label and Distribution Agreements

As your business grows and expands, you will have to create a distribution network and deal with a number of companies within your chain of supply. This will open up your business to new marketplaces, but you will have to protect your brand. Creating agreements with importers, distributors and service…

Date: 07/20/2015 | Category: Business Transactions

3 People Who Overcame Failure to Become Huge Successes

Every prospective business man and woman wrestles with the big question: what makes a great entrepreneur? Of course, having a good work ethic and a keen sense of what consumers want is vital to success in the business world. But there is something else

Date: 01/05/2015 | Category: Business Transactions

What Adjustments Are Typically Made at a Business Closing?

Adjustments‚ as they relate to business sales or purchases‚ are essential in order to provide fairness amongst the parties involved.

Date: 03/27/2014 | Category: Business Transactions

5 Keys to Avoid Violating Your Non-Compete After Your Business Sale

Reviewing and making your post business sale restrictions fit your life is key to your peace of mind when selling a business. Learn what to look for here.

Date: 03/26/2014 | Category: Business Transactions

7 Essentials for Your Business Sale Contract When Holding A Note

Providing seller financing when selling your business is a risky proposition. You must make sure that your contract limits your exposure as much as possible.

Date: 03/25/2014 | Category: Business Transactions