Either you decide to stay in the shallow end of the pool or you go out in the ocean.

- Christopher Reeve

Business Transactions

Do you own a business? Do you want to make sure that your business transactions are safe and secure? If so, here are some of the questions that you should be asking yourself:

What are the right types of contracts to have with your vendors, service providers or suppliers? What happens if they do not pay or perform? Do you have the leverage you need to protect your business if this happens?

If someone or another company sues your business, where will they sue you? Could you find yourself being contractually obligated to bring a lawsuit or defend a lawsuit in another state? Do your business contracts provide for payment of attorneys’ fees to the prevailing party?

What do you need to have to protect your company’s interests if you bring in a key employee or a new partner? What if that new key employee or new partner leaves? What is the danger to your business? Are your customer relationships at risk? Are your trade secrets or other internal procedures that you spent many years developing at risk? Could that key employee or partner open a competing business right next door?

Are you buying or selling a business or the real estate where you operate your business? What do you need to know to be sure you are making an informed business decision? Are there clauses in the agreements that could come back and haunt you later when need to enforce the deal?

The attorneys at Iurillo Law Group, P.A. can answer these questions for you. As a business owner, you want to protect your business and taking a proactive approach is the best course to achieve that protection. All business relationships start out on a positive note. You may be doing business with a friend, a business associate or someone that you are certain that you know, like and trust. But later on down the road, disagreements can occur and the relationship can fall apart. Having strong contractual provisions in place not only will help you with how to deal with the disagreements, but also, will help you protect your business now and in the future. As your business grows and you acquire assets, you also want to make sure that you have taken advantage of the legal protections available to you to protect those assets if you are unexpectedly hit with a downtime or liability claim. Asset protection planning requires taking action to protect your personal assets in good times rather than bad times so that you can limit your potential losses.

Please review our Real Estate Law, Formation and Governance and Business Litigation pages for additional information relevant to Business Transactions matters. In addition, please review the description of the broad range of clients we commonly represent on our Representative Clients page.

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