Contracts

With every positive invention, scams invented by unscrupulous operators follow. Here is a story about how one scam came across my desk for two different clients in the same week The first case:  A new client was referred to me. The task was to assist with a transaction in which a Kuwaiti company would purchase 10% of the client’s equity for $5.5 million. The investor had located them through an Angel website (an Angel is a high-net-worth individual who is interested in invest

Did you ever have an experience and thought that the way you were treated should be against the law? I’m not referring to real crime, but a relatively common commercial activity where you felt you were taken advantage of. For example, two months ago, I decided I was paying too much for the water that is delivered to my office. I called the company and asked to cancel the delivery service. They offered me a 5% discount. I declined. They called me a few days later and offered m

Many of my clients are sophisticated business people and professionals. Despite having many medical doctors and PhDs on my client roster, I still hear some legal theories that are flat-out wrong. I’ll examine some common ones that apply to contracts: A contract needs to be in writing. For most contracts, this is just plain wrong. There are limited exceptions- contracts governed by the Statute of Frauds- the most common example being the sale of real estate. Here is what we le