Jack Gilbert

Business & Corporate Law Business Law Mergers and Acquisitions

What is a merger?

March 26, 2026

A merger is when two companies legally combine into one business, typically by one surviving corporation absorbing the other or by forming a new entity....

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Business & Corporate Law Business Formation Mergers & Acquisitions

What is an acquisition?

March 26, 2026

An acquisition is when one company buys enough of another company’s shares or assets to gain control, often by purchasing a majority ownership stake. It...

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Business Compliance Business Law Due Diligence

What is due diligence?

March 26, 2026

Due diligence is the structured investigation a buyer, investor, or lender conducts to confirm key facts, assess risks, and verify compliance before closing a transaction....

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Business Contracts Business Law Contracts

What is a buyout agreement?

March 26, 2026

A buyout agreement is a legally binding contract that sets the price and process for one owner’s shares to be purchased when they leave a...

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Attorney Ethics & Professional Responsibility Business Law

What is the duty of loyalty?

March 26, 2026

The duty of loyalty is a fiduciary obligation requiring a trusted decision-maker to act 100% in the beneficiary’s best interests, not their own. It bars...

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Business & Corporate Law Corporate Governance Corporate Law

What is piercing the corporate veil?

March 26, 2026

Piercing the corporate veil is when a court holds a company’s owners or shareholders personally liable for the company’s debts or misconduct, despite the usual...

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Business Agreements Business Law Contracts

What is a shareholder agreement?

March 26, 2026

A shareholder agreement is a private contract among a company’s shareholders (and often the company) that sets the rules for ownership, voting, and share transfers....

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Business & Corporate Business Law Corporate Governance

What is a board of directors?

March 26, 2026

A board of directors is an elected group—typically 3 to 15 members—that governs a corporation on behalf of shareholders. It hires and oversees top executives,...

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Business Law Contract Law Legal Definitions

What is fiduciary duty?

March 26, 2026

Fiduciary duty is a legal obligation requiring a fiduciary to act in the best interests of another person, meeting one of the highest standards of...

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Attorney Discipline & Licensing Legal Malpractice Professional Responsibility (Legal Ethics)

What is the duty of care?

March 26, 2026

Duty of care is a legal obligation to act with reasonable care to avoid foreseeable harm to others. Courts apply it by asking whether a...

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Business Formation Business Law Corporate Law

What is articles of incorporation?

March 26, 2026

Articles of incorporation are the state-filed formation documents that legally create a corporation as a separate entity. They typically list the corporate name, registered agent,...

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Business Formation Corporate Governance & Compliance Limited Liability Company (LLC) Law

What is an operating agreement?

March 26, 2026

An operating agreement is a legal contract that sets the rules for how an LLC is owned, managed, and operated. It defines member roles, voting...

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