Commercial Lease Guarantees

On Tuesday, May 26, 2020, Mayor DeBlasio signed Local Law 1932-A, which provides that personal guarantees of commercial New York City leases for......

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Force Majeure

Contracts often contain what are known as “Force Majeure” clauses, which excuse a party’s performance under the contract where performance......

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Profits Interests

As mentioned in an earlier post, companies sometimes issue stock to employees as compensation for services rendered. However, as was pointed out in......

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Safes

A prior-post described the use of convertible notes as a means by which companies raise capital prior to having a valuation upon which to calculate a......

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Preemptive Rights

When purchasing stock in a corporation an investor will typically ask for a representation in the purchase agreement setting forth the percentage of......

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Drag-Along Rights

When investors purchase equity in a corporation or limited liability company they often ask for tag-along rights, which provide that if one of the......

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Tag-Along Rights

When investors purchase equity in a corporation or limited liability company the primary purpose of the transaction is to obtain an ownership......

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Preferred Stock

Unlike S corporations which, per the Internal Revenue Code, can only issue one class of stock, C corporations can issue multiple classes of stock,......

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Security Interests

Loan Agreements and Notes are executed when loans are advanced in order to evidence the fact a loan was made and to set forth the loan terms,......

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Convertible Notes

Start-up companies face a number of hurdles when seeking to raise capital. Among them is the challenge of determining the price at which to sell......

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