Mar 25, 2017 | Cybersecurity, data security, hacking, information security, Law firms, Limiting liability
Law Firms Also Increasing In Risk Of -Cyberattacks: What Lawyers Need To Know Cyberattacks have become much more frequent in recent years, and law firms find themselves increasingly at risk. In 2015, two large law firms, Cravath, Swaine & Moore, and Weil Gotshal...
Mar 20, 2017 | Cybersecurity, Limiting liability
All companies are at risk of cyberattacks, and small and mid-sized business are increasingly being targeted. The cost to respond to being hacked can easily exceed $50,000, including business costs such as technical costs to investigate how the breach happened and...
Mar 16, 2017 | Cybersecurity, data security, hacking, information security, Medium-sized business, Small business
Cybersecurity: Your Business Is At Risk We’ve all read about recent cyber-attacks, in which hackers have broken into computer systems of large companies like Target, Yahoo, and JPMorgan Chase, stealing banking, personal, and credit card information. Even U.S....
Dec 15, 2016 | Agreements, business attorney, Contract, Corporation, Limiting liability, Medium-sized business, Small business
Limitation of Liability In previous posts in this series, we talked about the “boilerplate” provisions that you see in many contracts. As we discussed, while these provisions may seem to be run-of-the-mill, they do have meaning and can affect the parties’...
Nov 17, 2016 | Agreements, Contract, Corporation
The Indemnification Provision In this blog post I want to discuss a provision that is in many contracts, but is easy to skip over. This is the indemnification provision. Indemnification is a big topic, far too big to discuss in detail in a blog post. However, I...
Nov 9, 2016 | Agreements, business attorney, Contract, Corporation, Transactions
Paragraphs at end of contract In my last post we reviewed a number of provisions that are found in many commercial contracts. This post will define and discuss several more “boilerplate” provisions, as they can have an impact on your business relationships....
Nov 2, 2016 | Agreements, business attorney, Contract, Small business, Transactions
“Miscellaneous”, or “General” Provisions You’ve read and signed lots of contracts in your business, either your own company’s or ones sent by the other side to a transaction. Maybe you’ve been puzzled by those provisions that seem to be at the end of every contract,...
Oct 25, 2016 | business attorney, Corporation, Limiting liability, LLC, Small business, Startups
Your LLC needs a written operating agreement You have a great idea for a new business and have formed a limited liability company, an LLC. While corporations are required by state law to have bylaws, LLCs are not required to have written operating agreement. ...
Jul 18, 2016 | Acquisitions, Asset Purchase, business attorney, Contract, Corporation, Medium-sized business, Small business, Stock Acquisitions
Buyers versus Sellers In a recent post I outlined the features of the two main types of business acquisitions, stock and asset deals. To recap briefly, in a stock acquisition, the buyer purchases the stock of the company being acquired. In doing so the buyer takes...
Jun 24, 2016 | business attorney, Contract, LLC, Medium-sized business, Small business
Buying or Selling a Business: Stock vs Asset deals explained. Businesses are bought and sold all the time. Transactions range in size from under $100,000 to billions of dollars. For most sales of small to medium-size companies, the transaction is usually structured...
