Business Litigation

Be Careful When Granting the Power to Terminate a Contract Early

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It seems quite often you see contracts that contain provisions similar to the following: Either party may cancel this contract at any time by giving the other party 60 days written notice. This always sounds like a good idea when you discuss it. Basically it is the back-out provision, if things are going badly, you […]

Business Law

Why does legal language need to be so complicated?

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This is a question that is frequently asked, or thought of, even if it is not verbalized, by my clients. The lawyerly answer is because language is an imperfect medium to describe complex thoughts, ideas, and meanings. There are vagaries to every word, and every sentence written.  However, a better way to explain it may […]

Business Formation

Difference between an Asset Purchase and a Stock Purchase

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There are two mainstream ways that Businesses go about acquiring other businesses. This is through either an Asset Purchase or a Stock Purchase. There are advantages and disadvantages to both approaches, taking a look at what you want to accomplish will go a long way towards helping you decide which method to take.

Business Formation

What Happens when one Partner Leaves a Partnership?

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In a January 2007 decision, Estate of James H. Matteson v. Robert R. Matteson et al. , the Wisconsin Appellate court takes the time to further clarify its decision from Lange v. Bartlett , 121 Wis. 2d 599, 602 which stated [W]hen one partner leaves a partnership and allows the other to continue the business, […]