BMK partners Kenneth L. Moskowitz and Steven R. Rowland recently authored an article entitled “Interpretation of Commercial General Liability Insurance Policies: Back To Relying On The Policy’s Express Language.” The article was published in the October 20, 2017 newsletter of Sobel & Co.
BMK Cares: BMK Holds Food Drive for Homeless Solutions
BMK recently held a breakfast food drive in support of Homeless Solutions, a non-profit based out of Morristown. “BMK is happy to continue its tradition of supporting the community,” said Managing Partner Stuart Brown.
Richard Schkolnick To Present Webinar on Zoning Due Diligence For Lenders
BMK SPOTLIGHT – On October 31, 2017, BMK partner Richard S. Schkolnick is presenting a Webinar for the New Jersey Institute for Continuing Legal Education (NJICLE) entitled ‘Zoning Due Diligence for Lenders and Joint Venture Partners: Practice and Pitfalls’.
BMK Hosts Real Estate “Deal Makers’ Dinner”
BMK SPOTLIGHT — BMK, together with Property Transfer Services, Inc., hosted its second annual “Deal Makers’ Dinner” in May.
Stuart Brown Leads NJ M&A Forum
BMK SPOTLIGHT — BMK Managing Partner Stuart M. Brown led another successful meeting of the NJ M&A Forum earlier this month, bringing together key professionals in accounting, finance, law, and M&A.
Q&A With Richard A. West
BMK welcomes Richard A. West to the firm as Of Counsel. Rich took the time to answer some questions on his practice and his background. Learn more about Rich by checking out his bio, and feel free to contact Rich at rwest@bmk-law.com or (973) 376-0909 Ext: 1126 for any questions regarding his practice.
Jay Soled Speaks on Partnership Tax Matters
BMK SPOTLIGHT — Jay A. Soled, Of Counsel to BMK, recently delivered a four hour workshop on the intricacies of partnership tax before one of the largest accounting firms in the United States.
BMK Obtains a Third Circuit Court of Appeals Ruling Affirming Insurance Coverage for “Faulty Workmanship” Performed by the Insured’s Subcontractor
SUMMIT, N.J., April 18, 2017 – Kenneth L. Moskowitz and Steven R. Rowland recently won an important insurance coverage decision on an appeal to the United States Court of Appeals for the Third Circuit — a decision which should have the general effect of expanding coverage for those contractors who rely upon subcontractors to perform part of their work-scope.
Some Thoughts on Liability Insurance
No company likes to be sued. Perhaps the only thing worse is to be sued and to find out that the insurance you thought would cover the type of claim you now face won’t because the insurance you have was not intended to cover that type of claim, or the insurer has asserted some vaguely-worded exclusion that you’ve never heard of.Read More
Selling Your Business, Step 1: The Broker’s Agreement
Selling your business will be complicated, emotional and, almost definitely, stressful. Once you decide to sell your business, the first step is usually hiring an intermediary – either a business broker or an investment banker. The intermediary will ask you to enter into an engagement agreement. This person is working for you and with you, so sellers frequently choose not to have a mergers and acquisitions attorney review the engagement agreement before signing it. Besides, you may think, what could go wrong? Plenty! To avoid uncertainty while ensuring a clear understanding of the specific terms you are committing to, at what cost, and for how long, hire an M&A attorney to review the engagement agreement.
Here are some deal points to keep in mind when entering into engagement agreements with intermediaries:
The agreement should provide a reasonable period of time for the intermediary to prepare a confidential information memorandum and market your business. This is known as the exclusivity period. The exclusivity period should be an amount of time that you and the intermediary believe is reasonably sufficient to market your business and close a deal; however, there should be a defined end point. A defined termination date will guide and incentivize the intermediary and create an orderly exit from the relationship with the intermediary.Read More