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Letters of Intent Small Business

Sheppard Mullin Richter & Hampton LLP

Buying or Selling a Small Business Government Contractor? Draft the Letter of Intent Carefully to Avoid Immediate Affiliation

Buying a small business government contractor may not be as simple as a standard acquisition. This is particularly true if the small business wants to continue to qualify for federal small business set-aside and sole-source...more

Bass, Berry & Sims PLC

SBA OHA Clarifies Present Effect of “Indications of Interest” When Determining Size Status

Bass, Berry & Sims PLC on

Late last month, the Small Business Administration’s (SBA) Office of Hearings & Appeals (OHA) issued a decision adhering to its prior line of cases discussing when present effect will be given to an indication of interest...more

Bass, Berry & Sims PLC

You “CAN” Avoid Affiliation in Negotiating an Acquisition

Bass, Berry & Sims PLC on

Conditioned Agreements to Negotiate (CAN) - When acquiring or selling small businesses, government contractors need to be cognizant of the Small Business Administration’s (SBA) “present effect rule.” Under this rule, SBA...more

Bradley Arant Boult Cummings LLP

Aircraft Purchase, Ownership and Operation: Protecting the Interests of a Family Business Owner – Part 1

Access to private aircraft can provide productivity and other benefits for a family-operated business and improve the quality of life for the business owner and his family. However, purchasing, owning and operating a private...more

PilieroMazza PLLC

Plan Your Success – the LOI

PilieroMazza PLLC on

During our April 26, 2017 webinar, we discussed Letters of Intent (LOI) and the important role they can play in transactions. The LOI often serves as a roadmap or initial term sheet between a buyer and seller. ...more

Smith Anderson

Federal Small Business Set-Aside Contracts When Selling or Buying a Business

Smith Anderson on

In a prior Alert, we provided a high-level overview of the Anti-Assignment Act, which requires federal pre-approval for the sale of federal government contracts, often through a “novation agreement” signed by the seller,...more

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