Planning your estate is an important life step and something that you may need to revisit numerous times over the years. Estate planning is closely tied with giving financial gifts during your lifetim...
How to Honor the Duty of Loyalty to Your Business
Owners of a business have a number of different fiduciary duties they owe to the business. This means that there are high standards of care owed to the business once you create or purchase the entity....
The Advantage of Creating a Letter of Intent
There are many different transactions that use letters of intent as part of the deal. While the letter of intent will later be replaced with a more detailed contract, it is still important to have an ...
What Happens When a Couple Needs an Attorney
If you’re looking to start or buy a business or engage in some other transaction with a family member, especially a spouse, it is wise to bring an attorney into that conversation early on. In many c...
Attention to Grammar in Contracts Matters
There are many different hats a lawyer wears: confidant, negotiator, litigator, and occasionally, editor. After all, every step in the practice of law from filing a quick brief to writing a complex co...
New Patent Troll Law in Minnesota
Minnesota has recently passed legislation prohibiting bad-faith assertions of patents held by patent trolls. And what exactly are patent trolls? Small and midsize business owners are too often confron...
Slander of Title in Real Estate
Slander of title is a real estate legal cause of action. It occurs when a person publishes a fabricated or derogatory statement about another’s property, which could then negatively affect the value...
How to Respond to a Data Breach
The Cybersecurity Unit of the U.S. Department of Justice (DOJ) recommends that “organizations should have a plan in place for handling computer intrusions before an intrusion occurs. During an intru...
The Domestic Asset Protection Trust
While Minnesota has generous opportunities to shield assets from creditors, it has yet to enact the equivalent of an offshore trust. However, there are a group of states that have enacted the Domestic...
Does Your Business Need an Exit Plan?
All business owners should consider an exit plan far before its implementation is necessary. An “Exit Plan” is a strategic outline of the transition out of your business. Whomever ends up purchasi...