Planning for Tomorrow’s Goals, Today – Blog and Client Resources
PODCAST: Blueprint to Associate Agreements
Student Entrepreneurs in Dentistry Podcast Series: Blueprint to Associate Agreements I recently had the opportunity to participate in a podcast hosted by the Student Entrepreneurs in Dentistry of UNC School of Dentistry at Chapel Hill, led by Mr. Christian Hart. The podcast focused on two topics. The first was associate agreements, particularly that first agreement after…
Key Terms for the Business Purchase and Sale Letter of Intent
Typical Terms in a Letter of Intent There are numerous stages in any business purchase and sale transaction. It is a complex and time-consuming process. One of the earliest steps in the transaction process is establishing the fundamental terms of the deal. The typical method of doing so is through the letter of intent or…
The Dental Practice Purchase – A Transaction Snapshot
Each dental practice purchase is a complex process with many stages. Here is a snapshot overview of the key phases. Contact Totman Law today to learn more.
Totman Law’s Three Underappreciated Issues Series: Three Common but Tricky Employee-Focused Issues in Written Employment Agreements
Three Overlooked Issues in Written Employment Agreements: In today’s fast-paced world, employee mobility is a vital part of our individual economic outlook. It is in light of this context – the reasonable ability of the employee to move between opportunities – that we, as employees, must review and consider employment agreements. Not every employee is asked…
Totman Law’s Three Underappreciated Issues Series: Three Key Tenant Risk Provisions in Commercial Lease Agreements
Tenant Risk in Commercial Leases: Tenant risk in commercial leases is a redundant concept. Commercial leasing embodies risk and risk allocation for the would-be tenant. As such, and because the lease agreement remains one of the most commonly utilized contracts in commercial transactions, the commercial lease is an incredibly important component of many businesses’ operational picture,…
Bringing on a Partner: a Few Key Considerations
There are any number of circumstances or sets of conditions under which it may be appropriate, advisable or necessary to bring on a partner. Regardless of the reasons for doing so, however, bringing on a partner is a major milestone for any business, often leading to expanded fields of operation, cash and capital influxes and…
Recent Events Roundup: Highlighting Key Concerns of Non-Competes, Franchising and Investing
The Triangle Business Journal recently highlighted a couple of locally-arising events that have potential consequences and implications that are anything but local in scope. Consider these examples as they may apply to your business and employment endeavors. Employment Agreements and Promises not to Compete or Solicit. First up is an article about a suit brought…
HIPAA and the Practitioner’s Perspective: Appreciating the Risk
The practicing doctor (presumably) knows that he or she is (likely) subject to the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”). Less certain is whether said practitioner knows just what that means. HIPAA – particularly the provisions of HIPAA commonly known as the Privacy Rule, the Security Rule and the HIPAA Breach Notification…
“Due Diligence” in a Business Purchase: What Does It Really Mean?
We’ve all heard the term “due diligence” and understand that it generally means to do your homework and research. What exactly the term really means depends on any number of factors, including the type of transaction, the business area and the industry involved, and the relationship between the parties in the transaction. At its heart,…
Typical Stages of a Business Purchase and Sale Transaction
The exact details and structure of a given transaction will vary from deal to deal. But there are typical deal phases involved in most transactions, each carrying a unique set of challenges and opportunities. The information below is a basic explanation of the common phases, but is only the tip of the iceberg when it comes…
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MEET DOMINIC TOTMAN
As Founder and Attorney of Totman Law, my primary goal is to offer and provide these services through engaged and communicative representation and proactive insight and legal planning.