The key provisions in any JV include:
(1) Clearly defined business objectives;
(2) The degree of participation and the management roles of each joint venturer in the business;
(3) Contribution of capital and ownership rights to property / division of the profits and losses;
(4) A dispute mechanism to avoid management impasses that may produce deadlock or litigation;
(5) Termination/liquidation […]
Without a security agreement, it is improbable that individuals or businesses would be able to borrow much money, for interest rates would be prohibitively high. Security agreements allow for the free flow of credit and capital by assuring lenders that they will be repaid on the loans they make.
When a lender makes […]
It happens from time to time that even good credit risks have trouble repaying their debts. Serious illness, unemployment, a family emergency-each, when it occurs with a disquieting lack of notice, can wipe out savings and take a toll in other ways, as well. The agreement that goes a long way toward settling this unsettling […]
Attorneys and legal assistants researching information have many tools that weren’t available twenty years ago. Gone are the endless days in the library stacks because much can be done remotely from the comfort of your own office. However, just because more material with better technology is available, does not mean that it’s time-saving in the […]
In many small to mid-size law firms, marketing initiatives are sporadic at best, as the day-to-day demands of running the firm and handling client’s needs take priority.
But to get results, law firms need a well-defined plan with specific goals and strategies — just like any other successful business. You can assess your current marketing situation […]
How do find out about rival firms, their dealings and weaknesses? It doesn’t require hiring spies or engaging in corporate espionage. It just takes time and the appropriate resources to engage in competitive intelligence (CI). It isn’t hard to do and in fact, it may be a critical component of your professional future.
What is Competitive […]
For non-lawyers, conducting legal research can seem like an overwhelming challenge. But it doesn’t have to be, if you know where to look.
First, define the specific information you need and determine the jurisdiction. Once you know which court or government agency handles your area of concern, you’re ready to start researching.
But before you begin, you […]