An Exception to the Merger by Acceptance Provision in a Purchase and Sale Agreement

A standard Purchase and Sale Agreement usually contains the following “Acceptance of Deed” provision that every buyer needs to understand: The acceptance and recording of a deed by the BUYER or their title nominee as the case may be, shall be deemed to be a full performance and discharge of every agreement and obligation herein […]

As A Defendant, Can I Require the Plaintiff to File in Federal Court?

federal court

With few exceptions, a case that can be filed in federal court also can be filed in state court. The plaintiff’s choice of forum will often control. However, if a federal court has jurisdiction over a case the plaintiff elected to file in state court, there is a procedure that allows certain defendants to transfer […]

Is My Company a “Closely-Held” Corporation?

You may have heard of some corporations being referred to as “close” or “closely-held” corporations.  Under Massachusetts law, this designation is important, because all shareholders of such close corporations – whether they hold a majority or minority interest – owe fiduciary duties of utmost good faith and loyalty not only to the corporation but also […]

What are Liquidated Damages and When are they Enforceable?

Many contracts contain a “liquidated damages” clause, under which the parties agree, at the time they sign the contract, to a pre-determined amount of damages, or a calculation to determine damages, in the event a party breaches the contract down the road.  Liquidated damages can be helpful because they can deter a breach as well […]

Security Deposits in Massachusetts – Rules That Every Landlord Needs to Know

Massachusetts General Law Chapter 186, Section 15B is the statute that sets forth the guidelines that a landlord must follow when taking a security deposit from a tenant.  Every landlord should read G.L. c. 186, §15B and follow its procedures very carefully.  The following are a few of the rules that a landlord must follow […]

What is a 30(b)(6) Deposition?

I just received a notice stating that my company will be deposed in accordance with Rule 30(b)(6). What does that mean and what am I supposed to do about it? A deposition is a process that permits a party or its attorney to ask questions of the opposing party or a witness relating to the […]