Does Your Asset Purchase Agreement Address the Transfer of Inventory?

Checklist: What to Confirm About Inventory Before You Sign an Asset Purchase Agreement Define what counts as inventory. Identify what is excluded. Check whether the inventory list will be documented in a schedule. Decide whether you will participate… Read More
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The Failure to "What If ..." a Contract

Here’s an engaging story inspired by a true case to answer a key question for successful business owners: What happens when your contract forgets to ask “what if”? Back in 2012, when downtown Montvale, New Jersey, was still half-empty store… Read More
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Does Your Asset Purchase Agreement Include Representations by the Owners of the Seller?

What Business Owners Should Know Representations and warranties define what the seller is promising about the business. If only the company signs, it may be hard to recover losses after closing. Having owners sign adds accountability and protection f… Read More
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Introducing Wilkinson Law LLC’s Membership Program

At Wilkinson Law, we’ve worked with enough business owners to know that legal questions rarely follow a schedule. They come up in the middle of growth decisions, staffing changes, contract revisions, and everything in between. That’s why we are i… Read More
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Categories: Announcements

The Cost of Waiting: A Lesson in Timely Legal Action

Here’s an engaging story inspired by a true case to answer a key question for successful business owners: Does the time ever run out on when you can sue someone for damages arising from a breach of contract? The Cost of Waiting: A Lesson in Tim… Read More
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Does Your Asset Purchase Agreement Require the Seller to Deliver a Good Standing Certificate?

Does Your Asset Purchase Agreement Require the Seller to Deliver a Good Standing Certificate? What Business Owners Should Know Always require a current certificate of good standing before closing an asset purchase A standing certificate confirms the… Read More
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Ghosting Your Business Partner? The Court Will Find You

Here’s an engaging story inspired by a true case to answer a key question for successful business owners: What’s the cost of ghosting your business partner instead of winding things down? Ghosting Your Business Partner? The Court Will Find Yo… Read More
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NJ Capital Access Fund: Do You Need Money to Run Your Business?

NJ Capital Access Fund: Do You Need Money to Run Your Business? As a business owner focused on growing your company, you know that working capital is what keeps your doors open. It covers payroll, rent, utilities, supplies — everything you need to… Read More
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Categories: Alerts

Unpaid Invoices and Prepaid Services: Whose Responsibility Post-Closing?

Unpaid Invoices and Prepaid Services: Whose Responsibility Post-Closing? Our last article covered the unfinished business doctrine, a legal principle that determines who gets paid for ongoing work when a business is sold midstream. Before that, we ex… Read More
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What Is the Unfinished Business Doctrine for the Acquiror of a Business?

What Is the Unfinished Business Doctrine for the Acquiror of a Business? Last week in this series, we broke down how to handle credits and accounts receivable when structuring an asset purchase agreement. That piece mentioned something that deserves… Read More
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