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Legal Articles

Right of First Refusal

Right of First Refusal and Co-Sale Agreement Right of first refusal and co-sale agreement or ROFR for short, involves an agreement or clause that mandates a party provides notice before a transaction. Additionally, this agreement requires that an option is provided for the other party to refuse this transaction. In short, a right of first […]

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Articles of Organization Michigan

Forming An LLC in Michigan As a business owner or entrepreneur, it’s important to ensure that your business is officially recognized as a legal entity within your state. This process involves filing an LLC (or another type of entity) with the state where your business is based. The Articles of Organization are a document required

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Convertible Promissory Note

It can be difficult to get a startup off the ground, especially when the startup requires a fair amount of overhead. Fortunately, there are options available for early stage startup companies, particularly ones with a high revenue potential. If your business is involved in a seed round or another type of early stage funding, it

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Difference Between Merger and Acquisition

Mergers and acquisitions (M&A) have been popular business tools since the late 1800s. These transactions involve the consolidation or transfer of the ownership of companies, business organizations or their operating units. From a strategic management perspective, the main purpose of M&As have been to allow enterprises to grow, downsize and/or alter the nature of their

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