January 16, 2018

New year legal tune-up

If you own or run a small business, each new year is an exciting time. After reflecting on the past year’s successes and failures, it is a great time to set goals for the business going forward into the new year. The new year brings new possibilities for every businessperson. […]
March 4, 2017

“Non-binding” Letters of intent

One of the most frequently, and incorrectly, used items in business transactions is a letter of intent (the “LOI”).  It is meant to be a shorthand expression of the parties’ general agreement of principal terms, yet can become a binding quagmire to the unwary.  Improperly done, a “non-binding letter of […]
February 18, 2017

Buy-sell agreements for small businesses

If you own a business by yourself, certain things are straightforward.  Things—for better or worse—are done your way, or they are at least done the way you believe your clients or customers need/want them to be done.  But what about situations in which you, and one or two partners own […]
May 14, 2016

The benefits of North Carolina’s new “living probate” procedure

“[I]n the absence of fraud, duress, mistake in the identity of the instrument executed, or lack of mental capacity, public policy requires that a testator’s will remain inviolate.”  In Re Cobb’s Will, 271 NC 307 (1967). Wills, historically, have been treated as sacrosanct—the pure expression of its maker’s (the testator’s) […]