Navigating the Fine Print: Indemnification Clauses in Business Acquisitions
The indemnification clause acts as the financial referee after a business sale, making the seller responsible for costly surprises and broken promises that surface down the road. This provision uses negotiated limits like baskets, caps, and survival periods to draw the financial lines, defining exactly who is on the hook when unexpected trouble appears.
Bad Faith Insurance Claims During Storm Season in Texas: What Policyholders Need to Know
With Texas storm season well underway, PKC Founding Partner and trial attorney Drew Peters breaks down how to spot bad faith insurance practices after hail, wind, or hurricane damage, and explains the legal protections available to Texas policyholders.
Small Business Acquisitions: Avoiding Hidden Pitfalls in Due Diligence
Small business acquisitions can come with unforeseen landmines hidden in the books, the customer relationships, and the team’s institutional knowledge. Taking the time to spot red flags in these key areas during due diligence is often the difference between a smooth takeover and an expensive misfire.
SAFE 101: A Founder’s Guide to Simple Agreements for Future Equity
Learn how SAFEs can streamline your early-stage fundraising strategy. This quick guide provides startup founders with an overview of Simple Agreements for Future Equity (SAFEs), highlighting key terms, conversion mechanics, and their pros and cons.
Corporate Transparency Act Update: BOI Reporting Deadline Moved to March 21, 2025
The extended deadline for most companies to file their Beneficial Ownership Information report under the Corporate Transparency Act is now March 21, 2025. While further extensions or modifications may be forthcoming, entities should continue gathering owner data and preparing their filings during this 30-day window.