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Avoiding Litigation Over Earnout Provisions

Agreements for the sale of a company (including asset purchase agreements) sometimes contain earnout provisions whereby some portion of the purchase price is paid long after closing and is dependent upon the performance of the company after the buyer takes ownership...

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The Tax Laws Have Changed, Do I Still Need a Trust?

The most basic answer to this question is yes. Although the estate tax exclusion amount has increased to $11.2 million for each tax payer, Trusts are still an important part of your estate plan. Reducing your potential estate tax exposure is just one of the many benefits of a trust. The most common type of trust is a “living trust.” A living trust is a trust that remains amendable and revocable during the lifetime of the Settlor (creator of the trust). Below are just a few examples of why you may still need a trust.

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PERSONAL JURISDICTION

Have you been sued in another state? Are you from another state but have been sued in Arizona? If so, you might have a legal defense to the action before it even starts. This defense is called “lack of personal jurisdiction.” Before any court may make decisions about...

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A FEW THOUGHTS ON ELECTRONIC SIGNATURES

Who hasn’t at some point in time been asked to agree on line to the terms of service for using an App or to approve the terms of a contractual agreement for the purchase of something. No hand-written signature is required to create a legal obligation. This is the...

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CREDITOR CLAIMS AGAINST A DECEDENT

One of the most common questions asked regarding an estate is “Am I liable for the decedent’s debts?” The short answer is No. Normally, a person is not responsible for a deceased individual’s debts. Below is an overview of how debts of a decedent are to be paid under...

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Attorney’s Fees

Attorney's fees in commercial litigation can get incredibly expensive, incredibly quickly. In a moderately complex commercial litigation case, it can easily approach $150-200 thousand in fees and costs to get through a full jury trial and post-trial motions. These...

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AFTER EFFECTS OF THE PANAMA PAPERS EXPOSÉ

By this time, I’m sure most of you are familiar with the Panama Papers scandal, which has made world-wide headlines. The confidential files of a law firm in Panama were hacked, resulting in the disclosure of known and unknown names from around the world. There is no...

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So You Want to Start a Business?

Part I. Introduction I have been a business attorney for more than 40 years representing many small companies. The businesses ranged from brick and mortar companies, service companies, marketing companies, real estate companies to cyber and internet companies. I am...

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Motions for Summary Judgment

As anyone who has been through a lawsuit can attest, litigation can be extremely expensive. In order to take a case from the initial investigation through a full trial will easily cost in excess of $100,000 in attorneys’ fees and costs. Additionally, it will typically...

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ANNOUNCEMENT

 

Effective January 6, 2020, attorneys Michael W. Margrave, Michael L. Kitchen, and Patrick J. Van Zanen, as well as paralegals Brittany Crane and Mallory Rasmussen, will join Sacks Tierney P A at their office located at 4250 N. Drinkwater Boulevard, Scottsdale, AZ  85251. Their new contact information is:

Michael W. Margrave    
direct line: 480-425-2606
fax: 480-425-4906
michael.margrave@sackstierney.com

Michael L. Kitchen
direct line: 480-425-2619
fax: 480-425-4919
michael.kitchen@sackstierney.com

Patrick J. Van Zanen    
direct line: 480-425-2623
fax: 480-425-4923
patrick.vanzanen@sackstierney.com

Brittany Crane
direct line: 480-425-2627
fax: 480-425-4927
brittany.crane@sackstierney.com

Mallory Rasmussen
direct line: 480-425-2629
fax: 480-425-4929
mallory.rasmussen@sackstierney.com

We hope to continue serving your needs at our new home with Sacks Tierney P.A. beginning January 6, 2020