Posts Tagged ‘Business owner’

Contractors Right to Payment

The Pennsylvania Contractor and Subcontractor Payment Act provides contractors and subcontractors special protection to collect payments due.  The Act does not apply to residential construction projects involving six or fewer residential units under construction simultaneously. Contractors and Subcontractors are provided the specific right to: Payment if the contractor performs pursuant to the contract. Payment of…


Are You Critical to the Success of Your Business?

If you are a business owner, your largest asset is very likely your business. While employees plan for their retirement by saving, for a business owner there is so much more. Are you critical to the success of your business?  I bet many business owners proudly answer that question with a resounding yes.  But if…


Deal Hurdle – The Dreaded Indemnity

In representing business owners in purchasing and selling businesses, there is one area that seems to be the sticking point in almost every deal…the dreaded indemnity. For people that regularly buy or sell businesses an indemnity is just part of the deal.  There is an acceptable framework and they negotiate to get the best deal…


The Cost of Litigation for Businesses

I have struggled as a transactional lawyer and as general counsel to manage litigation for clients. It is easy for me to see the value of transactional work since at the end of the day, the client buys something, sells something or enters into a new business relationship.  They have the prospects of a new…