September 8, 2020
You can’t be a ‘little bit pregnant’; can you have a legally non-binding agreement? Full-blown written contracts can be such a chore, can’t they? Especially when you’re at the initial “exploration” stages of a business negotiation. You’re not ready to close a deal–you need more time to work things through and conduct your due diligence–but you want some form of commitment from the other side. So what do you do? Entrepreneurs often resort to a letter of intent. Sometimes, they’re called a memorandum of understanding (although that’s more often in a government or international law context). You’ve had initial discussions; you’ve signed mutual confidentiality and nondisclosure agreements. You’re on your way. A letter of intent can show that: You’re getting serious about moving forward. You’re ready to make a public announcement of your collaboration (and make your competitors quake in their boots). You’ve authorized any necessary spending for the transaction. You’re committed to a time line for making this happen. In short, you’re trying to find a more formal way to express interest without being legally obligated to…
Continue ReadingI had a stress meltdown recently. Not that this should have come as any surprise–after all, I run myself ragged; I spend way too many hours in front of the computer, the phone and other…
Read MoreReproduced from my weekly ezine LexAppeal: Business partners come in different flavors, like vanilla, chocolate, and strawberry. There are active partners – the ones who are toiling at their desks and have rolled up their…
Read MoreWhen the relationship’s not working, it’s time to cut the ties. It’s 11 o’clock on a Friday night, and you’re furious. Once again, a major client has called at the last minute and needs you…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
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