Stay Informed
Join our mailing list today
March 20, 2017
As discussed last week, representations and warranties are truths or assertions made by a party to a purchase agreement. Representations and warranties can either be qualified or unqualified and are often used to shift risk between the seller and the buyer. The following seller representation and warranty is unqualified: “The company’s financial statements are GAAP-compliant.” […]
March 13, 2017
Representations and warranties are assertions or assurances given by the parties to the agreement. While most purchase agreements contain representations and warranties from seller and buyer, the seller representations and warranties typically are the most extensive and more important. The seller representations and warranties are assurances by the seller about the company and, in the […]
March 8, 2017
Governor Snyder recently signed Michigan’s Qualified Dispositions in Trusts Act, which takes effect on March 8, 2017. In so doing, Michigan joins 16 other states that permit a particular form of trust commonly known as “domestic asset protection trust” (or DAPT). A DAPT is an irrevocable trust whose assets the grantor’s creditors cannot reach if […]
March 7, 2017
Q: Do I need to pay a salaried-exempt employee for time off if they already exhausted all of their PTO? A: It is important for employers to be cautious when considering whether or not to take deductions from a salaried-exempt employee’s pay. One wrong move could result in a misclassification claim for not only the employee subject […]
March 6, 2017
“Trends from the past few years involving family matters are making their mark on a local law firm.”
February 22, 2017
The “traditional” sources of funds for the development of real estate include senior debt and equity. However, certain development projects would never launch without the use of additional funding mechanisms in the form of state or federal financial incentives. These projects include sites with historic contamination, deteriorated infrastructure, and/or inadequate or obsolete structures, referred to […]
February 12, 2017
Connect with lawyers, accountants, architects, developers and insurance specialists for a one day summit designed to enhance and protect your business.
February 8, 2017
(February 9, 2017) The Michigan Legislature in December amended an existing law governing the practice of medicine by physician’s assistants. The new law, 2016 P.A. 379, takes effect March 22, 2017. It is intended to give physician’s assistants (PAs) greater autonomy in day-to-day operations by allowing them to practice without daily supervision of a physician. […]
January 22, 2017
Governor Rick Snyder signed legislation on January 6, 2017 abolishing a surviving wife’s dower right in her deceased husband’s property, making Michigan the final state to eliminate this law. However, some states still retain a form of dower, but in order to prevent discrimination on the basis of sex, they offer a reciprocal right to […]
January 18, 2017
The Strategic Use of Offers of Judgment (January 19, 2017) We previously discussed ways to recover fees in litigation through contract or statutory provisions. But what if you don’t have a contract or statute allowing you to recover your fees from the other party? The Michigan Court Rules provide another avenue for a party to […]