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If you set about to acquire another company, whether through a merger and acquisition (M&A) or an outright purchase, there are two major means of closing the deal: purchasing the company’s assets or purchasing the company’s stock. Whether publicly traded or privately held, stock and its value, and that of the target company itself, need to be addressed with contingency and other clauses in the Stock Purchase Agreement.

A quick search for online legal templates yields thousands of results that offer simple and easy-to-use tools. All you need to do is to fill in the blanks and you are good to go. Unfortunately, it is not that simple. Using those do-it-yourself (DIY) legal templates could spell disaster for your business.

At Engel Professional Association, protecting our business clients, either by creating indemnity clauses in contracts or enforcing them, is an important part of what we do.

A buy-sell agreement may sound like it’s a mechanism for buying and selling businesses, but that’s not exactly the case. A buy-sell agreement is an agreement forged between co-owners of a business to cover the departure of one owner because of retirement, divorce, bankruptcy, death, or just a simple desire to move on to a different pursuit.

Commercial leases in Minnesota are regulated by federal and state law, as well as by local ordinances, zoning and safety codes, contract law, and relevant court decisions. Specifically, the relationship of landlord and tenant is spelled out in Minnesota Statutes, Chapter 504B.

It’s not unusual for a business partnership to end. People move on or retire; that’s a part of life. When the leaving partner moves on, and the other partner(s) need to figure out how to deal with the new reality, they may be left with questions on how to proceed.

Owning and operating a business can bring many challenges, but probably the last thing you want to encounter is being served with notice of a lawsuit against you.

Making the decision to dissolve your business is no easy undertaking. Businesses can fail for all sorts of reasons, but there’s always one thing that’s the same — the process of dissolution needs to be handled thoroughly and professionally. There are a number of legal responsibilities and following the proper procedure is essential to ensure your finances stay protected.

Running a business often involves forging legal agreements with other individuals or businesses to provide needed products or services. These agreements generally take on the form of a contract, whether express, oral, or implied.

Starting a new business can be exciting and scary. Choosing the appropriate business structure, establishing required contracts, filing taxes, and applying for licenses and permits are vital to set up your new enterprise.