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Valuation is Key to Successful Acquisition of a Business

Acquiring a business can be a strategic move that propels your company forward. However, before diving headfirst into a deal, you need to comprehend the target company’s true value. Business valuation is the process of determining the economic worth of the company you’re interested in purchasing. By employing various valuation methods, you gain valuable insights Read More

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Enforceable Non-Compete Agreements in Florida

In today’s competitive business landscape, Florida employers frequently utilize non-compete agreements to shield their legitimate business interests. A non-compete prohibits an employee agrees not to compete with their employer’s business during employment, or work in or start a competing business for a fixed period of time after leaving the employer. Noncompete clauses are often used Read More

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Essential Clauses for Every Business Contract

A well-drafted business contract is the cornerstone of any successful commercial transaction. It clearly outlines the rights and obligations of each party, minimizing the risk of misunderstandings and disputes down the line. However, many contracts lack essential clauses that can leave businesses exposed in unexpected situations.  While the specific details will vary depending on the Read More

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Protecting Your Company With a Noncompete or Nonsolicitation Agreement

Noncompete agreements and nonsolicitation agreements can be used by an employer to limit activities of an employee after their relationship has ended. Such agreements are often entered into freely when an employee accepts the position with the company. However, there is a growing trend in the U.S. to restrain use of noncompete and nonsolicitation agreements, Read More

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How a Buy-Sell Agreement Can Avert a Bad Business Breakup

“Business divorce” is an apt term for the often messy and tumultuous ways in which a closely held business can undergo a momentous change. Just as with a marriage, small business breakups are often emotional and disruptive since they create rifts in once-steadfast relationships. No one starting up a business wants to contemplate its breakup, Read More

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Six Clauses Essential to Business Contracts

Commercial agreements are almost always put in writing. A well-written contract captures the essence of deal and as well as making clear the parties’ rights, responsibilities and expectations. It can also provide for dealing with contingencies and resolving disagreements. However, a contract should be tailored to the particular matter and circumstances so that it effectively Read More

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Meeting the Legitimate Business Interest Test for Restrictive Covenants

A restrictive covenant is a contractual provision that limits or bars an employee, former employee or other party from taking certain actions deemed harmful to a company, such as working for a competitor, soliciting customers or disclosing privileged information. These agreements are subject to a high level of scrutiny under Florida law, since they have Read More

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Five Common Mistakes in Drafting Business Contracts

Written contracts are necessities in most businesses, controlling a wide range of transactions and other matters. A well-written contract can make business operations predictable and can be invaluable in resolving issues and disputes as they arise. On the other hand, a poorly drafted contract can worsen business problems and leave parties with inadequate remedies. These Read More

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Clauses That Are Potential Pitfalls in Construction Contracts

The fate of construction projects can often hinge on the wording of the contract between the developer or property owner and the contractor. Fine print in a contract can facilitate or hinder the project itself and lead to legal entanglements. If you’re a party to a Florida construction contract, you need to be wary of Read More

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Clauses That Should Be Included in Every Business Contract

For most companies, business operations are far too complicated to rely on handshake agreements. The best way to be sure that all parties understand and agree on all contractual responsibilities is to put everything in writing. The more complex the transaction, the more the need for a comprehensive agreement that controls each party’s obligations and Read More

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