Recent News

Shotgun Buy-Sell Agreements – What Are They? Do I Need One?

Washington State Business and Real Estate Lawyer David C. Tingstad | 9/1/2021
The premise of the shotgun buy-sell agreement is an age-old technique that dates back far beyond its legal history. Explore this analogy with me: one piece of grandpa’s famous chocolate cake remains from a family birthday party and both you and your sibling want that cake but cannot agree on who gets what size portion.… Read More

When The Insurer Won’t Settle A Third Party Claim, Consider A Covenant Judgment

Washington State Litigation and Real Estate Law Lawyer Andrew M. McKenzie | 9/1/2021
Sometimes a defendant in a lawsuit has insurance to cover some or all of the potential damages alleged.  Most of the time in those circumstances after the insurer agrees to defend on the insured’s behalf, the insurer hires counsel to represent the insured.  While this may provide some assurance to the insured, the insured can… Read More

Due Diligence And Employment Issues In Transactional Matters: The Lessons Of Clarity Capital Corp. v. Ryan, Newman, & Salish Wealth Mgmt.

Washington State Business and Real Estate Lawyer David C. Tingstad and Washington State Employment Law Lawyer Laura Y. Davis | 8/31/2021
In the context of a business combination—whether it is an asset purchase, stock purchase, or merger—due diligence is critical to establishing and maintaining value.  A recent case from the Washington Court of Appeals (Clarity Capital Corp. v. Ryan, Newman, & Salish Wealth Mgmt.), though unpublished, highlights a couple of lessons when it comes to due… Read More

Granting Access To Your Digital Assets – Priority Of Directions; Disclosure

The Lawyers at Beresford Booth | 8/31/2021
As I described in the previous post, Washington enacted the Revised Uniform Fiduciary Access to Digital Assets Act (RCW Chapter 11.120) (the “Act”) that allows a Washington user of digital assets (such as e-mail, social media, etc.) to provide directions giving, limiting, or denying a designated fiduciary access to their accounts.  The user can allow… Read More

Making The Commitment To Review Your Preliminary Commitment

Washington State Real Estate Law Lawyer Babak Shamsi | 8/26/2021
When purchasing a property, a buyer has a multitude of different considerations to keep in mind, such as reviewing Form 17 disclosures, addressing financing contingencies, reviewing inspections, and considering earnest money deposits, escalation clauses, and more.  The list can feel endless.  One of the most important documents involved in the purchase of a home, the… Read More