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Archive for December, 2016

Real Estate: The Asset That Is Part of Every Deal

I was talking with a prospective new employee last week, and I asked her if she had any experience with real estate matters in her transactional experience. She gave me a quizzical look and her response stated that she did corporate work and that real estate was not part of what she typically did. I wish this was the only time I encountered this response when discussing mergers and acquisitions or “corporate” representation, but it reflects a common misconception. The fact is that real estate is an asset that is a part of every deal.

Anticipating Increased Complexity

When I look at a transaction or a company, I often find that the issues involving real estate are the most intense and often the most difficult to resolve. The issues also tend to vary considerably because companies and individuals treat real estate in a wide spectrum of ways in a deal. In its simplest form, real estate could be an owned asset being purchased. However, even in these “simple” situations, if the party holds and financing the real estate separately, it can add significant complexity to a transaction, especially if it is one of the higher dollar assets related to the business.

At its most complex, the real estate may be a leased asset unrelated to the business, and the change in ownership or operation may signal an opportunity to renegotiate the lease or refinance the property. Adding to the complexity of dealing with leased properties are the practical reality of having to coordinate with a third party that is not part of the transaction to obtain a lease amendment or consent. The phrase,

Self-Driving Vehicles: Excitement and Apprehension

The concept of self-driving vehicles fascinates me. By combining various technologies, including computers, a global positioning system (GPS), and robotics, scientists and engineers are beginning to accomplish what most people could never have imagined — a car that can drive itself from point A to point B.

Combine that with the emerging Internet of Things (IoT) — where machines can communicate with one another — and blockchain technology — a shared ledger system that can record transactions and track assets across business networks — and you can envision a day when you will be able to order a car online and have it deliver itself to your home, stopping for fuel along the way.

I love the prospect (especially when I am stuck in traffic) of eventually having my own, impersonal chauffeur available 24/7/365 that will never fall asleep at the wheel. However, I also feel some

Understanding The Vetting Process to Choose an Attorney for Your Business

In my last post, “Hire an Attorney… When or Before You Need One?” I asked you to consider establishing a relationship with an attorney before you need one, so that when you need an attorney, you can hit the ground running.

Vetting Attorney

You can find plenty of attorneys online, in a phone book or through referrals from colleagues and trusted friends. After your collect your referrals, you face the challenge of having to choose which attorney is best for you. In this post, I lead you through one process of vetting your prospects.

Choosing an Attorney Who Meets Your Needs

The first step in vetting attorneys is to