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I am selling my business. In 2014 I entered into a 1 year
I am selling my business. In 2014 I entered into a 1 year exclusive agreement with a broker that ended in 2015. I entered into a different exclusive agreement with a different broker earlier this year that lasts 120 days, and ends next month.Both of these brokers have now introduced me to separate buyers who are both offering identical deals, same money, same terms.Exclusive broker will not budge on their commission (they initially told me that they would sell our business inside of 4 months for a LOT more than the offer that is presented now), however, now that the offer is a lot lower, they won't budge on commission. Which would normally be fine, except the other deal we have on the table from the other broker is with much less commission.I have communicated this with both brokers, one will negotiate, the exclusive one will not. I told them I'm just being up front and trying to get the best deal possible and not trying to cheat anyone out of anything, but the offers we have on the table are for far less than what they "valued" my business for.My question is, can we just wait until the exclusive agreement with the high commission broker ends and sell to the other party, without owing the exclusive broker $$?
I hope this is the right place to post this. I am the owner
Hi. I hope this is the right place to post this. I am the owner of a small company and we are currently naming our product, which is entirely electronic. In searching for the name we came up with for our product, we stumbled upon two companies that might pose a problem. One uses our intended product name as the name of their company, and they are in the same basic industry as us, yet it is fairly obvious that our product and them would not be affiliated in any way. Furthermore, the name in question is a common word with one letter removed for stylization. A fictional example would be Rise spelled "Ris", although that is not the name we are intending for our product. The other company is a night club.I am just wondering what the law says in this regard, and whether we would be on the safe side going ahead with our intended product name.
Myself and two other partners live outside of the US and
Hi,Myself and two other partners live outside of the US and would like to start our business in Delaware. As part of the process, we are required to have a registration agent. We do not have anyone currently present in Delaware so we came accross registration agent service provider like this one:https://www.delawareregisteredagent.com/how-to/non-us-delaware-llc-corporationMy first question is, are there any legal risks of using these services? In order to have a service agent, do we have to give them opwer of attorney?My other question is that we need to give someone who lives in a different state (California) power of attorney for our company. Is it possible to give power of attorney to a US citizen who is not living in the state on which the registration agent is at? And can the person we grant power of attorney setup our banking account in the united states (perhaps from San Diego)?
I am writing an amended answer and countercomplaint
I am writing an amended answer and countercomplaint for a small claims suit brought against my husband alleging non-payment on a loan. The loan in question is a) not in writing, and b) "regarding the student loan", in which the lender is an institution and student loan was co-signed for by the Plaintiff in 2004. Plaintiff is claiming that Defendant owes him for any amounts paid for by the Plaintiff, although no agreement was ever made on this, either orally or in writing. Furthermore, the claim amount is over twice as much as the amount paid to date on the student loan by either party. The argument we are using in the amended answer is a) general denial of all claims, b) affirmative defense, c) violation of BUSINESS AND COMMERCE CODE, TITLE 3. INSOLVENCY, FRAUDULENT TRANSFER, AND FRAUD CHAPTER 26. STATUTE OF FRAUDS Section 26.01(b)(6) in that the alleged oral agreement an agreement which is not to be performed within one year from the date of making the agreement (in other words, any agreement the Plaintiff is claiming must be in writing or it is invalid after 1 year); and the counterclaim is for fraud and abuse of process.I need assistance in the following please:Which affirmative defenses applies to this case?What is the specific Texas law code to support the counterclaim for fraud and abuse of process?
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My friend and I want to open a business about "help people
My friend and I want to open a business about "help people replace their iphones". Because people in most their countries like China, India, Brazil... they don't have a complete apple care/replacement services as here in US or different countries may have different rules which may blocking them replace their iphones. We want to help these people to replace their broken iphone here in US and send them back. Before we actually launching this idea, we want to know if this is legal? I would like to hear your suggestions.Thanks
I just incorporated my LLC and need to get businessView more business law questions
Hi,I just incorporated my LLC and need to get business insurance. For my business, I will be writing ebooks that I plan to sell through digital marketeers (Amazon Kindle or clickbank.com). Also, I will be blogging and making affiliate commissions by reviewing courses that I took on Udemy.com. So, when my customers read my review and then purchase the course, I get an affiliate commission. My Question: What kind of business insurance do I need to cover my legal exposure?