Category

Business Law

Letters of Intent, Part IV: Indemnification and More

By Blog, Business Law

I will describe the pros and cons of dealing with indemnification obligations of the seller and, to a lesser extent, the buyer, as well as briefly explaining the risk-reduction benefits that can be achieved by the seller under a well-crafted indemnification term in the LOI. Finally, I will examine the last term in the sample LOI, which addresses the seller’s employees.

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California Senate Rejects Plastic Bag Ban

By Blog, Business Law

In the final day of the 2010 legislative session, the California Senate voted down a proposed statewide ban on single use plastic bags, known as AB1998. The final vote was 14 senators in favor and 21 opposed to the ban. Governor Schwarzenegger had indicated he would sign the bill into law, if passed. The legislation could be re-introduced next year.

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California Legislature Contemplates Plastic Bag Ban

By Blog, Business Law

The California Supreme Court’s review of Save the Plastic Bag Coalition’s case against the City of Manhattan Beach may become moot. The California Senate Appropriations Committee is holding hearings on a new bill (AB1998) that would effectively impose a statewide ban on plastic bags for supermarkets, convenience stores, food marts and pharmacies with over 10,000 square feet of retail space.

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