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Legal Tips and Tricks: Deal Negotiations Using an LOI/MOU

  Often, companies will try to secure a Letter of Intent or Memorandum of Understanding (“LOI/MOU”; the two expressions are used interchangeably) from a potential contracting counter...

You may be liable for expenses when a contract is broken

Expenses accrued prior to the formation of the contract RELIANCE OR CONSEQUENTIAL DAMAGES (SHOULD BE LIMITED) When two or parties enter into a contract, which is subsequently broken, the parties tha...

Exorbitant Fees Leads to Demise of Distributor

This article is about a lawsuit alleging fraud by the supplier, who controlled the distributor, in the form of exorbitant distribution fees. "The effect of Weinstein’s (the supplier) scheme was to u...

Billing and Payment for Expenses Should Be Set Out in Detail in Consulting Contracts

While it seems obvious that billing and payment of expenses should be clearly dealt with in consulting contracts, many parties fail to address such details as: What happens if expenses are submitted l...

Entering Into a Term Sheet is Hard Enough, Getting Out of One Can be Even Harder

As a company entering into a possible investment, when accepting an investor term sheet, consider the provisions relating to termination of that term sheet.  There’s nothing worse than being stuck ...

Legal Tips and Tricks: Boilerplate Provisions Of Your Agreement

Don’t ignore the boilerplate provisions of your agreements.  Although the language appears the same every time you read these clauses, subtle differences can and will make a difference in interpret...
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