We continue our series this month with the last two steps of the commercial transaction escrow process. Revisit the first two steps here: Commercial Transactions 101 Part 1 STEP 3: Legal Impact of Commercial Transaction Escrow In residential transactions, the Federal law has setup RESPA, the Real Estate Settlement Procedures Act. This statute mandates sellers to make certain assurances to … [Read more...] about Commercial Transactions 101: Part 2
Last month we discussed the general difference between residential and commercial transactions. This month, we have a two part series on the overall Commercial Escrow Process. Between these two articles, we are looking to give you a comprehensive look at the commercial transaction process. Commercial transactions have less statutory protection than private ones. This is good and bad. The … [Read more...] about Commercial Transactions 101: Part 1
From a rare Picasso to a beautiful oil painting from a prominent Bay Area artist, artwork can be a source of beauty, pride, and occasionally- deception. Money changing hands without any intermediary can expose art buyers to a ton of risk. Artwork escrow is a solution to facilitate art transactions and protect both parties. Many pieces of popular or valuable art are subject to forgery, making … [Read more...] about Valuable Artwork and Escrows
The home buying process in complex and has many moving parts. Chances you are your home buying process may be kind of confusing. How can you protect yourself from getting swindled out of money without receiving the actual home in return? Don't take risks when you’re purchasing a home, this is a large purchase. Before buying a home, be familiar with your budget, any potential issues with the … [Read more...] about Home Buying and Escrow
Have you heard the phrase "software escrow?" The best software usually comes from a team of clever computer science engineers. It’s an invention to the same degree that a new product is. Due to the increased necessity of quality software, it’s now vulnerable to theft and tampering. Also, since software is intellectual property, stealing it is considered an intellectual threat, which is a crime … [Read more...] about Do You Need Software Escrow?
Cryptocurrency transactions are new territory for many people. The smartest ways to use cryptocurrency, and safest ways to buy or sell with it, are all unfamiliar to most. But escrow is a solution that solves the risks of this tricky currency. Bitcoin and other cryptocurrencies are not legal US tender. Although they have value and are welcome in many places, you have no legal obligation to … [Read more...] about Should You Use Escrow for Cryptocurrency Transactions?
Maybe you have the opportunity to buy a business as an investment. Or you’re tired of working for someone else and want to be your own boss. Perhaps you’ve always wanted to take over a franchise? There are many good reasons to buy a business. But you don’t want to go into buying a business blindly. There are a few things you’ll want to know about before purchasing a business for sale, in order … [Read more...] about Tips For Buying A Business
Buying a business is no small deal. In fact, the details matter quite a lot, and it’s important the transaction goes smoothly so that you can move forward with your new venture worry-free. Remember that when you’re buying a business, what you’re really buying is their assets. This may include equipment, leases, mailing lists, and intellectual property like the recipes used in a … [Read more...] about Why Do Business Sales Need Escrow?