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4 05, 2017

CALIFORNIA USURY LAWS: What you should know before lending or borrowing money

By | 2017-05-04T08:14:30+00:00 May 4th, 2017|Business Contracts, Business Law, Contract law, Contracts, Financial, Uncategorized|Comments Off on CALIFORNIA USURY LAWS: What you should know before lending or borrowing money

Introduction Many business owners and individuals incorrectly believe they can charge any amount of interest to which the parties agree. However, unlike many contract terms, rates of interest charged by non-exempt lenders is limited in California to ten percent (10%) per year, even if the borrower is otherwise willing to pay a higher rate (or [...]

30 08, 2016

Purchasing a Business with Seller Financing

By | 2016-12-14T11:11:26+00:00 August 30th, 2016|Business Contracts, Business Formation|Comments Off on Purchasing a Business with Seller Financing

It is often the case that a purchaser of a business does not have the resources for a full cash sale and will request that the seller finance some of the purchase price. This can be advantageous for both parties, but requires that the parties consider a number of issues, as we highlight in this [...]

6 04, 2016

Common Contract Clauses

By | 2016-12-14T11:30:42+00:00 April 6th, 2016|Business Contracts, Labor & Employment Law|Comments Off on Common Contract Clauses

Common Contract Clauses Our business law clients often wonder why their contracts include some version of the following contract provisions. These clauses may seem unnecessary to a business owner or layperson. However, each of these common contract provisions does serve an important purpose in protecting a client’s interests, as described by our business lawyers below: Merger [...]

1 04, 2016

California Minimum Wage 2016

By | 2016-12-14T12:03:13+00:00 April 1st, 2016|Business Contracts, Business Law, employment discrimination, Labor & Employment Law, wage and hour law|Comments Off on California Minimum Wage 2016

Economic Justice or Economic Devastation: What Does the Proposed Minimum Wage Hike to $15 an Hour Mean to Your Business? Most California business owners are aware that the minimum hourly wage rose to $10 per hour for all industries on January 1, 2016.[1] However, many of the same business owners are only beginning to recognize [...]

14 03, 2016

Letter of Intent to Purchase Business

By | 2016-12-14T12:38:20+00:00 March 14th, 2016|Business Contracts, Business Formation, Business Law, Commercial Law|Comments Off on Letter of Intent to Purchase Business

Using a Letter of Intent When Purchasing a Business What is a Letter of Intent? In its final form, a letter of intent typically sets forth the primary terms agreed upon between a buyer and seller in anticipation of a sale of a business or a large asset purchase. The parties may wish to make [...]