Indemnification and advancement clauses are often seen as mere boilerplate language in a company’s governing documents, routinely copied from one form agreement to another. However, advancement clauses may be important...more
Business divorces are often messy. The reasons for business divorces vary – personality-driven disputes, disagreements over business direction, or timing and distribution of earnings. Whatever the reason, when controlling...more
This post explains an exception to the attorney-client privilege that is recognized in many jurisdictions to allow minority owners of LLCs and corporations to attempt to obtain the privileged communications of their LLC or...more
In certain circumstances, shareholders of corporations and members of limited liability companies can obtain confidential communications between corporate management and the company’s attorney that would otherwise be...more
7/18/2023
/ Attorney-Client Privilege ,
Beneficiaries ,
Breach of Duty ,
Corporate Management ,
Fiduciary Duty ,
Jurisdiction ,
Limited Liability Company (LLC) ,
Minority-Owned Businesses ,
Shareholders ,
Trustees ,
Trusts