Idaho Falls Business Transaction Attorneys
Corporate Transaction Guidance in Idaho and Montana
No matter the size or industry, every successful business is built on transactions. A business must make every effort to maximize value and protects its interests when conducting transactions with employees, independent contractors, and other companies.
As a business owner, you cannot be expected to meticulously review and negotiate every contract for every transaction. Our team at Freedom Law can provide the attentive, comprehensive support you need to effectively navigate transactional matters so you can focus on running your business. Our Idaho Falls business transaction lawyers have over 15 years of experience and are ready to serve as your trusted advocate. Whether you are just getting started or are already in charge of a thriving business, we can offer the dedicated assistance your venture needs to succeed.
Contact us online or call (208) 271-4403 to schedule an initial consultation. Flexible payment options are available, and we offer our legal services in English and Spanish.
Types of Corporate Transactions
You need a written, enforceable contract whenever your business interacts with another party. A strong contract will clearly articulate the responsibilities of each party, address contingencies, and comply with all applicable laws. An unenforceable or poorly written contract will not help you if problems develop.
Our Idaho Falls business transaction attorneys can assist you with:
- Employment Agreements. Whenever your business hires a part-time or full-time employee, they should be compelled to sign an employment agreement as a condition of their employment. This contract should include the employee’s title, job description, job responsibilities, classification, employment period, and compensation details. It should also include company policies on time-off, termination, and other important matters.
- Independent Contractor Agreements. Companies must be careful not to misclassify employees as independent contractors. An independent contractor is hired to complete a specific task or service within a stated timeline. An independent contractor agreement should detail the nature of the relationship, scope of work, deliverables, project timeline, payment terms, deadlines, and termination conditions.
- Non-Disclosure Agreements. You may be understandably worried about employees, independent contractors, or other partners sharing your business’s proprietary information with other parties, including competitors. A non-disclosure agreement is a legally enforceable contract that creates a confidential relationship, meaning parties who sign it cannot share covered information with others. You can generally require employees, independent contractors, manufacturers, and other relevant parties to sign “NDAs” as a condition of doing business.
- Non-Compete Agreements. A non-compete agreement is used to prevent a current employee with access to trade secrets from taking that proprietary information to a competitor after leaving your company. An employee who signs a non-compete will be unable to work for competitors within a certain geographic area for a specific amount of time. These contracts must be reasonable in scope to be enforceable in Idaho. They are not permitted in Montana.
- Sales Agreements. Any time your business purchases or sells goods or services, the terms of the transaction should be documented in the form of a sales agreement.
- Commercial Real Estate. Your business will likely need commercial real estate to conduct its operations. We can assist with due diligence, zoning and land use research, the closing process, and all related contracts.
- Mergers and Acquisitions. You may at some point see an opportunity to acquire or merge with an existing business. Another business owner could also approach you. Mergers and acquisitions are highly sophisticated transactions that require careful legal review and support. We can offer knowledgeable guidance in this area and will work to make sure the transaction is completed as efficiently and smoothly as possible.
Our team at Freedom Law can assist your business with an individual transaction or on an ongoing basis. Call (208) 271-4403 or contact us online to discuss your needs with our Idaho Falls business transaction lawyers.
Do I Need Title Insurance When Buying a Home in Idaho or Montana?
It is generally a smart idea to get title insurance even if you perform a thorough title search on the property you are intending to purchase. Title insurance can offer financial security if an unexpected title issue arises down the road.
What Are the Advantages of a Conservation Easement?
Beyond environmental mindfulness, a conservation easement can provide considerable tax and estate planning benefits. Because conservation easements cannot typically be undone, they lower a property’s value, thus lowering the property owner’s overall taxable estate. The property owner may also be able to deduct the value of the conservation easement on their personal tax return.
What Is a Conservation Easement in Idaho or Montana?
A conservation easement is a type of voluntary agreement made between a property owner and either a qualifying nonprofit or a government agency. When a property owner decides to establish a conservation easement, they agree to permanently limit the types of development that can occur on that property. For example, a conservation easement on a property with a forest teeming with natural resources may mandate that the forest never be torn down or developed. A conservation easement becomes part of the property’s deed.