Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
In most deals, buyers and sellers operate active businesses with a variety of assets and liabilities. But occasionally, particularly in transactions involving special purpose acquisition companies (SPACs), a blank-check company is a party to the deal and has no business operations, assets, or liabilities. To ensure the contracting party’s compliance with financial reporting and other regulatory requirements, the blank-check company should represent and warrant that it has no business operations, no workforce, and no liabilities other than contractual liabilities associated with the transaction to which it will be a party and any related financing. Add this “no business activities representation” to the blank-check company’s representations and warranties in the definitive acquisition agreement.
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