by Shane | Jan 10, 2017 | article, Business Law
A Buy-Sell Agreement is important for all Arizona partnerships, corporate entities, and other business organizations. It is in the best interest of each co-owner to determine the best course of action upon the situation of an owner’s departure. To find the best terms...
by Shane | Jan 10, 2017 | article, Business Law
Recently, the Arizona Court of Appeals said no, that members of a LLC do not owe other members common law fiduciary duties. The duties owed or not owed by members are determined by the operating agreement entered into by the members. Some have argued that due to the...
by Shane | Jan 10, 2017 | article, Business Law
Many times, individuals start a new business without documenting who owns what. Later a disagreement arises and the parties are in a gray area over who owns the company assets. Under Arizona law, a joint venture is formed when two or more parties agree to pursue a...
by Shane | Jan 10, 2017 | article, Business Law
Make sure that the restrictions do not overreach. Reasonable restrictions of time and geographic territory are required in most states including Arizona. Decide on what you truly want to protect. Focus on legitimate business interest such as confidential and...
by Shane | Jan 10, 2017 | article, Business Law, Commercial Litigation
Arbitration is the submission of a dispute to one or more persons for a final and binding decision. The arbitrators’ decision is called an “award.” Awards are made in writing and are generally final and binding on the parties in the case. Frequently, business or...
by Shane | Jan 10, 2017 | article, Business Law
Whether you are buying or selling a business, the following checklist can help to avoid problems. 1. Sale Structure. Is the sale an asset purchase, stock or equity purchase or a merger? If an asset purchase, then the buyer typically chooses which assets or liabilities...
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