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Part I: What Documents Matter Most In Determining Share Value in a Buyout? An Analysis of Key Documents and Why They Matter

September 8, 2021 Communications & Media Industry Legal Blog, Construction Industry Legal Blog, Franchising Industry Legal Blog, Healthcare Industry Legal Blog, Hospitality Industry Legal Blog, Manufacturing & Distribution Industry Legal Blog, Professional Services Industry Legal Blog, Real Estate Development, Sales and Leasing Industry Legal Blog, Technology Industry Legal Blog

Different situations can lead to a corporate buyout.  As a business move, a majority shareholder may seek to buyout the minority shareholders, or one company may seek to acquire a majority of another company’s shares.  Buyouts may also be contractually forced under a company’s governing documents or legally forced by […]

What Every Florida Community Association and Building Owner Needs to Know About Florida’s 10-Year Construction Defect Statute of Repose

August 9, 2021 Community Association Industry Legal Blog, Construction Industry Legal Blog, Healthcare Industry Legal Blog, Hospitality Industry Legal Blog, Insurance Industry Legal Blog

The recent tragedy of the Champlain Tower collapse in Surfside, Florida, has brought an even greater focus on building safety and maintenance by governments, building owners, and condominium and community associations throughout Florida.  As efforts are made to inspect and ensure the safety of buildings across the state, building owners, […]

Contractors and Owners in Florida Beware: Higher Interest Rates and Increased Penalties for Withholding or Misapplying Construction Funds

July 1, 2021 Construction Industry Legal Blog

On July 1, 2021, Florida Senate Bill 378 takes effect and amends a number of Florida Statutes governing prompt payment on various types of Florida construction projects.  These changes to Florida law result in increased penalties for withholding or misapplying construction funds by increasing interest rates on overdue balances and […]

Takeover Agreements on Performance Bond Claims: What Are They and How Do They Work?

May 24, 2021 Construction Industry Legal Blog

On many construction projects, the general contractor may be required to furnish a performance bond.  That performance bond guarantees the completion of the prime contract if the general contractor defaults. A performance bond is a three-party contract between a surety (the party promising to be responsible if the principal fails […]

Five Key Construction Contract Terms That Every Building Owner Needs to Negotiate

April 5, 2021 Construction Industry Legal Blog, Healthcare Industry Legal Blog, Hospitality Industry Legal Blog

When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process.  Oftentimes, a building owner may simply accept the contract […]

Pandemic-Related Rising Materials Costs: How Contractors Can Avoid Losses and Protect Themselves

March 2, 2021 Construction Industry Legal Blog, Energy & Utilities Industry Legal Blog, Real Estate Development, Sales and Leasing Industry Legal Blog

The coronavirus or COVID-19 pandemic (or perhaps the resulting monetary policy) has caused materials costs to skyrocket. In the past year, as of early February 2021, steel prices are up about 27%; copper prices are up about 37%; rubber prices are up about 62%; lumber prices are up about 113%; […]

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