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...
A wrong pockets clause is a covenant in acquisition agreements used to ensure that funds/receivables, rights or other assets, or liabilities that are discovered or received by one party after closing, which should or would have been or were intended to be transferred to the other party at closing, are so transferred. These assets or liabilities, which can vary from and include cash or cash equivalents, tangible assets like mail, notices, or inventory, intangible assets like intellectual property rights, and liabilities, are described as being in the "wrong pockets." Keep your client’s assets in the right pocket by following the guidance in this Wrong Pockets Clauses template.
Read now »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.