Posts Categorized: Business Transactions & Corporate Governance

Contracting 101 – Choice of Law and Borrowing Statutes

Steven Bergman November 2017 This is another in a series of posts about negotiating, executing, performing, and enforcing contracts, whether commercial or individual. This installment focuses on choice of law issues and how choice of law can affect your right to pursue a remedy on a contract default or the defenses available to you or… Read more »

Contracting 101 – Introduction

Steven Bergman October 2017 Business and individuals enter into contracts on a regular basis. When entering into a contract, it is important to make sure you know and understand every term in the contract, not just the major provisions, such as the parties, the price, the terms and conditions of performance, and the time and… Read more »

Website Hack? What are the legal issues?

Someone is trying to hack your site. In fact, if your site is built on WordPress, which more than 75 million websites are, there are bots constantly trying to gain access to your site – perhaps even as you read this post. This isn’t because WordPress has security flaws.  It is because most sites are… Read more »

Tips for Borrowers Negotiating a Loan: Part 6 After the Closing

Clint M. Hanni April 2017 It’s a great relief for the borrower when the documents are signed and the money is wired. What happens after the loan has closed is critical to a successful loan. 1.  Post-closing matters. The lender may have a laundry list of items for the borrower to provide after the closing…. Read more »

Tips for Borrowers Negotiating a Loan: Part 5 Closing Documents

Clint M. Hanni April 2017 Loan transactions are document intensive. When the agreements have all been drafted and agreed, it’s time for the lender and borrower to sign the documents and fund the loan. Closings can be easy or hard. Here are some tips to make them as smooth as possible.  1.  Authorizing resolutions. After… Read more »

Tips for Borrowers Negotiating a Loan: Part 3 Ancillary Documents

Clint M. Hanni April 2017 The loan agreement isn’t the only document in a loan transaction. Other documents (sometimes dozens of them) can come into play. Here are a few to consider: 1.  Security Agreement. If the loan will be secured by personal property, such as accounts, inventory, equipment or IP (patents, trademarks, copyrights), there… Read more »

Tips for Borrowers Negotiating a Loan: Part 2 The Loan Agreement

Clint M. Hanni April 2017 Once you have agreed on a term sheet for your loan, it’s time to turn to the “definitive loan documents.” The first document to get drafted is the loan agreement. 1.  Get it reviewed by an attorney. The loan agreement contains the basic terms of the deal and describes what… Read more »

Tips for Borrowers Negotiating a Loan: Part 1 The Term Sheet

Clint M. Hanni April 2017 Getting a business loan can be a long and difficult process. The bank wants to see everything, the good and the bad. Here are some tips when working with a bank to get a commercial loan. It all starts with a good term sheet. Have your lawyer review the term… Read more »

Tips for Effectively Using Your Business Lawyer

March 2017 Savvy business people understand that lawyers play an indispensable role in the successful execution of a business plan. Here are seven keys to get the most from lawyers for your business. 1. Call sooner rather than later. Problems are more expensive to solve than avoid. Call your lawyers before you get served with… Read more »