Call Today (734) 263-1001
Home » Legal Articles
5 08, 2020

Due Diligence Checklist


Due Diligence in Mergers and Acquisitions Mergers and acquisitions (M&A) are two different types of business transactions that involve the combining of two companies into one single company. These often have dramatic effects on companies, as well as all stakeholders such as the owners, management, employees and the customers the companies serve. Because of this, it is important to make sure that due diligence is performed by all parties before the transaction takes place. This protects the interests of both companies and ensures the transaction goes smoothly. Due to the complex nature of M&A transactions, [...]

Due Diligence Checklist2020-08-05T13:48:36+00:00
27 07, 2020

Non-Disclosure Agreement


Non-Disclosure Agreements (NDAs) - also known as Confidentiality Agreements - are agreements between two or more parties preventing the disclosure of shared information to third parties. These can be setup as unilateral or bilateral depending on the situation and parties involved. NDAs are a legally binding contract and the breach of an NDA can result in grounds for a lawsuit for damages. This encourages those with whom information has been disclosed under the NDA to keep said information confidential. Because of the value of this information and the damages its unauthorized disclosure can cause, it [...]

Non-Disclosure Agreement2020-08-05T13:48:58+00:00
23 06, 2020

Corporate Compliance – Why it Matters and How it Works


In today's regulatory climate, it’s vital that a business follows all applicable laws and regulations. corporate compliance is an important and effective method to ensure that happens. It involves the design, implementation and monitoring of policies, training, procedures and practices. The basic purpose of corporate compliance programs are to prevent violations of the law and train employees on regulations relevant to their jobs. These programs also serve the purpose of implementing compliance procedures and monitoring for violations of said procedures. Without compliance programs and procedures, your company is open to a serious level of risk [...]

Corporate Compliance – Why it Matters and How it Works2020-08-05T13:49:08+00:00
26 05, 2020

Joint Venture Agreement


A joint venture agreement is a partnership between two or more companies to undertake a business venture together. It forms its own corporation, limited liability company or partnership specifically for the joint venture. This allows the companies to have separate legal status while working together. These joint venture agreements can be short term or long term depending on the nature of the agreement. While similar to a partnership, joint ventures are not partnerships because they involve companies instead of individuals. When forming this type of agreement, it’s advised to consult with an attorney who specializes in [...]

Joint Venture Agreement2020-08-05T13:49:18+00:00
31 03, 2020

Asset Purchase Agreement


An asset purchase agreement (APA) is the name of the legal document used when purchasing assets of a company. This document is also commonly referred to as a “business purchase agreement.” The agreement serves as a contract between a buyer and seller which finalizes the terms and conditions involved in the sale of a company’s assets. This contract is necessary to protect each party from liability and dictate terms and conditions of the sale. This article provides information on asset purchase agreements and what terms and conditions should be listed within the document. [...]

Asset Purchase Agreement2020-06-30T19:47:53+00:00
19 03, 2020

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 refusal ensures that someone is informed of an impending sale rather than being informed after the fact. This provision is generally written in a contract and is common for transactions that involve the sale of a business, purchasing of business [...]

Right of First Refusal2020-03-19T17:40:24+00:00
8 01, 2020

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 to form a limited liability company in several states. There are many reasons why this is important. For instance, forming an LLC provides legal separation between you and your company. In other words, it’s much more difficult for someone to [...]

Articles of Organization Michigan2020-03-26T18:52:05+00:00
3 01, 2020

Convertible Promissory Note


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 may be prudent for you to consider a convertible promissory note. Convertible notes are a great way to help early stage businesses with the issue of financing. This article explains what a convertible promissory note can do [...]

Convertible Promissory Note2020-01-08T14:37:24+00:00
25 10, 2019

Difference Between Merger and Acquisition


Merger vs. Acquisition: What's the Difference? Mergers and acquisitions have been popular business tools since the late 1800s. In 1920, MGM was formed when movie theater owner Marcus Lowe acquired Louis B. Mayer Pictures, Metro Pictures, and Goldwyn Pictures. It cost Loew $8 or $108 million in today's money. In 2013, Verizon and Verizon Wireless merged together. That merger was worth $132 billion dollars. Most people assume that a business merger and business acquisition are similar terms; however, they're actually quite different. Keep reading to learn the difference between merger and acquisition. [...]

Difference Between Merger and Acquisition2020-03-26T18:52:38+00:00