When two businesses engage in a transfer of assets, the transferee (the “successor”) should be mindful of the fact that under certain narrow circumstances, it may inherit the liabilities of the transferor (the “predecessor”). As a general rule, a company that acquires only the assets…
Once a buyer and seller have finished their preliminary discussions on the terms of a purchase and sale of a business or real property, they will usually draft and sign a Letter of Intent (LOI) which describes the basic terms of the transaction. Clients have…
Under the Maryland Healthy Working Families Act (aka “Maryland’s paid sick and safe leave law”) passed on January 12, 2018, all Maryland businesses with 15 or more employees (including part-time, seasonal and temporary employees regularly working a minimum of 12 hours per week and calculated…
On December 1, 2016, changes to certain overtime pay regulations under The Fair Labor Standards Act (“FLSA”) were to go into effect. Based on a federal judge’s ruling, those changes have been put on hold for the time being, as the judge ruled that the…
At some point you may have been asked to sign a contract that has a signature block similar to the one below: XYZ Subcontractor, LLC: ________________________(Seal) John Doe, President ________________________ Print Name and Title ________________________ Date It’s such a small detail that most…
Listed in the tables below are company record retention requirements on the federal and state level for the mid-atlantic region. Each table breaks down which documents are to be retained, how long employers are required to retain those documents, and under what basis according to…
What is an IDOT? In connection with the borrower of money receiving a loan, a lender (e.g., a bank) will usually require security to ensure repayment of the loan. Often, a third party (guarantor) will provide that security in the form of an indemnity deed…
An Indemnity Deed of Trust, or IDOT, is an instrument whereby the guarantor of a loan grants a security interest in real property (the IDOT) to secure a loan from a lender to a different party, the borrower. Under this arrangement, the guarantor must not…
Faith Harrison briefly discusses the recent National Labor Relations Board’s ruling, and what is required of employers. For more informative videos discussing various legal topics, please visit our Media Center page.
Faith Harrison discusses how a letter of intent is used in business transactions. For more informative videos discussing various legal topics, please visit our Media Center page.
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