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,...
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Contract Law
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...
Non-disclosure Agreement (NDA)
Non-disclosure agreements, also known as NDAs, are versatile contracts that can be used by any business during any period of its lifecycle. It is essentially a contract that creates a classified relationship between a person or entity who has restricted info...
Business Lawsuits in Arizona
Litigation in business can be a risky proposition for anyone, regardless of how strong their case may be. The reason is simple: the potential financial impact of a lawsuit. Even when someone prevails in court, they still have to spend a substantial amount of...
Transferring Shares in a Nevada Corporation
Shareholder transactions, usually the buying or selling of existing shares in a corporation, are the process of transferring shares from one person or entity to another. Typically, shares are transferred to bring a new core business partner on board....
