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Miller Canfield

Michigan’s Uniform Power of Attorney Act Goes into Effect Today

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The Uniform Power of Attorney Act (“UPOAA”) was signed into law by Michigan Governor Gretchen Whitmer on November 7, 2023. Taking effect on July 1, 2024, the UPOAA repeals and replaces the durable power of attorney provisions...more

BCLP

Case Flags Risk of Unclear ADR Procedure

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While main contract suites offer standard dispute resolution clauses, these are often amended in practice. A recent case gives a warning of what happens when such bespoke provisions are not clear. Originally published by...more

Lewitt Hackman

What Documents Can I Destroy While Sheltering at Home?

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The following are intended to be helpful tips to assist you in clearing some clutter while we have some time at home....more

White and Williams LLP

The Dangers of Transactional Precedent – The Times They Are-A-Changing

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The other day I had a client ask me to review some form documents that another party wanted to use in connection with the client’s website. The basis of the request was that he thought I had prepared, or at least reviewed,...more

Whitman Legal Solutions, LLC

The Art of Legal Drafting

Law–Science or Art? - Few people would consider law to be an art. When one Googles “art and law,” the results are overwhelming for “art law,” legal issues about artists or art museums. ...more

BCLP

Recent Revisions to NVCA Series A Model Legal Documents (part 1 of 3)

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The National Venture Capital Association (“NVCA”) has created and maintained a standardized, industry-embraced set of model documents that can be used as a starting point in venture capital (“VC”) financings. These model...more

BCLP

No Fiduciary Duty Between Lead and Participants

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A recent decision out of federal court arising out of litigation involving a Ponzi scheme has reinforced the principle that the lead in a loan participation does not owe a fiduciary duty to participants. The case of Finn v....more

Stinson LLP

New Law May Warrant Updates to LLC Documents

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As of January 1, 2018 a new law the Minnesota Revised Uniform Limited Liability Company Act, or Chapter 322C, will apply to all Minnesota limited liability companies. Chapter 322C completely replaces the existing LLC...more

Cranfill Sumner LLP

Limitation of Liability Clauses

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Many industry form documents and custom construction contracts contain provisions shifting or limiting the respective parties’ risks. One of the more potentially significant risk-limiting provisions seen primarily in...more

Nexsen Pruet, PLLC

Tax Alert: Attention Employers Using Pre-Approved Retirement Plans – It’s Amendment Time Again!

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Do you sponsor a tax-qualified retirement plan that was pre-approved by the IRS? If so, pre-approved documents take one of two forms. - One is a prototype plan that uses a checklist-type Adoption Agreement and is...more

Sands Anderson PC

2 Steps to Minimize Your Company’s Risk

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A lot of what lawyers do is look for risks in our clients’ businesses and figure out how to minimize them. Aside from forming an entity to separate your personal assets from your business assets, the two best things you can...more

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