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LOI: Meaning of a Letter of Intent in M&A
What is a Letter of Intent? An LOI is a document that establishes an agreement between two parties that are negotiating a business transaction, such ...
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Why is Due Diligence Important When Buying a Business?
What is Due Diligence? Due diligence is the process of examining the business details and data when buying a business. It’s similar to inspecting a ...
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Contract Red Flags
No one likes to feel like they’ve been taken for a ride—especially in business and when your valuable time and money are at stake. So ...
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How to Buy an LLC?
If you have an entrepreneurial mindset but do not want to go through the hurdles of starting a business from scratch, there are alternatives for ...
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Letters of Intent (LOI) Are Not Binding, BUT…
What is an LOI? We get a lot of people and business owners coming to our office asking if they should sign a “letter of ...
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How to Create an Exit Strategy For Your Contract | Chicago Business Lawyer
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Communication and Contracts: How to Prevent a Dispute
Unless you’ve lived under a rock, you’ve heard how important communication is. Some of us have had disputes with friends, colleagues or partners that resulted ...
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Contract Loopholes Don’t Exist
Before we get ahead of ourselves, let’s start off by saying contract loopholes don’t exist. When people talk to a lawyer about “loopholes,” they’re usually ...
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