A Uniform Commercial Code lien, or more commonly known as a UCC lien, is a part of a comprehensive set of laws governing commercial transactions in the United States. While it is not a federal law, it is adopted by each state as its own state law; meaning each...
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Contract Law
Starting a Business for Name, Image, and Likeness (NIL) Deals
One of the best ways to increase legal protection for athletes, influencers, or individuals leveraging their personal brand is to create a business entity for a name, image, and likeness (NIL) deal. By creating a business entity, individuals can help protect...
Steps to Domesticating Your Business to Nevada
Domesticating your business in Nevada can offer many advantages, particularly due to Nevada's business-friendly environment. One of the most noteworthy benefits is the absence of a state income tax for individuals and most businesses, which can lead to...
Before You Sign a Personal Guarantee in Nevada
It is crucial to understand the full extent of your financial liability and obligations before signing a personal guarantee. A personal guarantee holds you personally responsible for the debts of a business or entity, meaning that if the business defaults,...
Employee Handbooks
A well-written employee handbook can foster a more engaged and informed workforce. It can also be a very time-consuming document to put together yourself. It should include sections on company mission and values, employee conduct, payroll and benefits...
What Goes into a Well-written Purchase Agreement?
A purchase agreement should provide a clear framework that outlines the terms and conditions of a sale, thus protecting all parties involved. It can help prevent future disputes by detailing the price, payment terms, and any contingencies, ensuring that both...
3 Things After an Employment Agreement is Signed
An employment agreement drafted specifically for your business will reflect the unique nature of your operations, culture, and specific job roles, while ensuring compliance with relevant labor laws and regulations. It will also protect your intellectual...
Shareholder Disputes in Nevada
Shareholder disputes can occur for a variety of reasons. These disputes can stem from lack of transparency with finances, unequal distribution of profits, and disagreements over management. Additionally, power struggles between individuals or groups can...
Requesting Collateral for Business Transactions
You’ve probably had to provide collateral for loans in the past, but did you know you can request collateral as a seller in a transaction as well? Similar to a loan, the seller can request a type of security on a sale if the transaction involves a debt. We’ll...
The Importance of Legal Due Diligence
Every business transaction is different. What should not differ is the approach to completing a business transaction, especially the acquisition or sale of a business. Legal due diligence gives both buyer and seller the opportunity to evaluate the possibility...
