Category: Business Law

A Letter of Intent (LOI) is a formal document that outlines the intentions of two or more parties before finalizing a contract. Parties often use a letter of intent to establish a framework for future agreements. It may cover topics like business acquisitions, leases, joint ventures, or employment arrangements, among other transactions. By clearly stating…

Roughly one in five American workers is subject to the terms of a non-compete agreement. Many end up trying to get out of their business obligations under the agreement because they are so restrictive. Courts will sometimes decline to enforce the terms of the agreement and rule in favor of the employee. However, an employee…

Business succession planning is essential for ensuring the smooth transition of ownership and management when key company employees retire, leave, or pass away. Without a clear plan, businesses face uncertainty, disruption, and failure. By implementing a well-structured succession plan, business owners protect their companies’ long-term stability and continuity. The Importance of Succession Planning One key…

For business owners in Maryland, understanding insurance procurement is crucial for protecting their assets, ensuring business continuity, and mitigating risks. Insurance procurement is the process of identifying, acquiring, and managing the insurance policies necessary to safeguard a business against potential losses. In this blog, we will explore what insurance procurement entails, why it is important,…

Employee handbooks are critical documents that outline company policies, procedures, and expectations for employees. For business owners in Maryland, understanding whether employee handbooks are a legal requirement is essential to ensuring compliance with state and federal laws. This blog will explore the necessity of employee handbooks and provide guidance on best practices for creating them.…

Starting a new business can be an exciting but daunting endeavor. As a startup owner in Maryland, you might wonder if a lawyer is necessary for your venture. This blog will explore how a lawyer can be crucial to your startup’s success. The Role of a Lawyer in Your Startup Starting a business involves navigating…