Tish.Law Blog

A Commercial Transaction is an interaction between two or more parties in which goods, services or something of value is exchanged for some type of remuneration. Some aspects of commercial transactions, such as truthful representation and contract provisions, are...

A severance agreement is a contract between an employer and employee documenting the rights and responsibilities of both parties in the event of job termination. The contract specifies any severance package of pay benefits and the conditions under which it will be...

A Succession plan makes it clear who will take over the business, reducing any potential disputes between parties. If a purchase is involved, the sale price and purchase terms are clearly outlined, relieving some of the stress for the departing owner’s family. The...

A shareholder agreement is a contract between the company and its shareholders.  Shareholders are the owners of the company. The shareholder agreement clearly delineates each party’s legal obligations and anticipates common scenarios that arise in running the...

Litigation is the process of taking legal action. Litigation refers to a case which is or may be proceeding through the traditional court process, and not through alternative dispute resolution, such as mediation or arbitration. A litigator is a lawyer who litigates;...

Commercial law, also known as trade law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It often considered to be a branch of civil law and deals with issues of both...

Mergers and acquisitions (M&A) is a general term that refers to the consolidation of companies or assets through various types of financial transactions.  A merger is a process by which two companies join and one new company continues to exist. Also...

Business licenses are permits issued by government agencies that allow individuals of companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business issued by local government. Business licenses vary. Some...

Business Law is sometimes called mercantile law or commercial law and refers to the laws the govern the dealings between people and commercial matters. The practice of business law covers, any substantive areas and takes many forms.  The substantive areas of...

Equitable Subrogation is a legal doctrine that allows a party that has made payments on behalf of another party to lay claim to the recovery of damages or funds from a third-party. Equitable subrogation is a legal concept that allows one party to replace another party...

Corporations are an organization formed with state and government approval to act as an artificial person to carry on business, which can sue or be sued, and can issue shares of stock to raise funds with which to start a business or increase its capital. Corporations...

Limited Partnerships are a special type of partnership which is very common when people need funding for a business, or when they are putting together an investment in a real estate development. A limited partnership requires a written agreement between the business...