Before signing any agreement to buy a business, a prudent buyer should thoroughly review its
financial condition. This process—sometimes called due diligence—involves a
comprehensive accounting review of the financial statements of the business and a verification of
its assets and inventory. Due diligence should also include an in-depth review of potential
liabilities. ...
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Many of the defining characteristics of the United States court system find their roots in the
English common law tradition. The use of court-made precedent and reliance upon attorneys as
advocates and fact-finders distinguished English common law courts from their civil law counterparts
in continental Europe. As our founders were mostly of English descent, they adopted judicial
processes that were familiar to them. Thus the common law tradition made its way to the United
State...
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It is inevitable that at some point or another all businesses will face a legal dispute.
Business litigation takes many forms, including contract disputes, premises liability,
misrepresentation, and employment matters. All have the potential to bring about unwanted
consequences for both small and large businesses. ...
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