Who owns what in a software development deal?

Who owns what in a software development deal?

Congratulations.  You are about to land a big software development deal and your staff of hardworking code-writers is ready to get to work. All you have to do to begin is . . . sign the customer’s huge contract, with a dozen Exhibits.  What could go wrong?  Here are 5...
Converting LLC Units to Corporate Shares

Converting LLC Units to Corporate Shares

When you combine a couple of LLCs into a new corporation, what kind of corporate stock do you issue to the LLCs’ members? This issue arises when LLCs are going to merge or when an LLC is going to “graduate” to C Corp status to accommodate outside investors. In a...
Purchase Price Adjustments

Purchase Price Adjustments

When buying a business (whether in a stock deal or an asset deal), the Buyer will often want protection from unforeseen problems, balance sheet shortfalls, customer attrition or claims against representations and warranties. These adjustments can take the form of...