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Business transactions come in all shapes and sizes. While some transactions are relatively minor, others can reshape a business entirely. For complex or important business transactions, seeking the guidance of an experienced business transactional attorney is often essential.
From asset sales to mergers and all points in between, understanding the specific details of a transfer allows you to chart the best path forward for your business. One minor error could upend a deal or have lasting consequences on your financial position. To avoid this outcome, let a Maryland business transactions lawyer advise you on how to handle your complex dealings. Kevin Goldberg is an experienced trial lawyer who has started several businesses, including a large multi-state cannabis business. Goldberg has firsthand experience from the business owner perspective, what it is like to go through a merger with a publicly traded company. Leverage Goldberg’s experience and legal network as a business owner and trial lawyer to help guide you through your transaction.
Any business owner encounters countless transactions every day. These transactions often involve minute details that require a thorough understanding of contract law to decipher. Some types of transactions an attorney could help with include the following:
Acquiring new machinery, equipment, or materials is a common part of owning a business. In many cases, these are major transactions. An attorney could help with this process by negotiating the purchase price and any additional terms that may be required to protect a business. A legal professional could also draft the final lease or purchase agreement for the parties to sign.
One of the most significant transactions a business owner can make is selling their company. These sales are especially complex, often involving negotiations over equipment, real estate, earn outs, up-front cash payments, and intellectual property. A business transactions attorney could ensure that the sales agreement covers all necessary aspects of a Maryland business ownership transfer and positions the previous owner for their future goals.
The use of licenses is common in the business world, and contracts are commonplace for regulating their usage. Whether a business is considering acquiring a specific license or licensing its own intellectual property, an attorney could understand relevant regulatory requirements and how to best protect a business entity’s trade secrets.
The most complex aspect of a business transaction is often the agreements that accompany it. It is a good idea to seek the advice of an attorney when a transaction includes additional agreements like representations. In these situations, the transaction could come with potential pitfalls that someone without legal expertise is less likely to recognize. Likewise, some transactions require additional agreements and/or contractual clauses such as “representations and warranties” that if breached, create contractual liability for the breaching party. A lawyer could make certain that the appropriate agreements are in place, and will fight to include contractual language to protect you and your investors in the event that a dispute arises out of the transaction.
The key to strong legal guidance is taking the time to understand the nature of a transaction. No two businesses are the same, which means there could be important nuances to transactions that may seem simple on the surface. For Maryland businesses, an attorney could oversee these business transactions to help them go smoothly. An experienced lawyer could also draft appropriate agreements as part of the transaction process, ensuring every term is well-suited to support a business’s specific goals.
If you are facing the prospect of a major business transaction, seeking legal counsel as soon as possible is vital. These complicated dealings are essential for the growth of your business, but even a minor error could have a major impact on profits and legal compliance. Call Kevin Goldberg, a seasoned Maryland business transactions lawyer, to learn more.