SIGNING DOCUMENTS TOO SOON

By , November 9, 2017 11:14 am

The excellent Peter Mahler post under the link below discusses a recent Delaware case in which the parties signed deal documents before final approval by their lawyers.  The result was disastrous.  This issue comes up often in LLC formation practice.  I generally try to persuade my clients to not even file articles of organization, much less launch their business, before they agree with what I propose as the final version of their operating agreement and sign it.

Here’s the link:  http://www.nybusinessdivorce.com/2017/09/articles/delaware/dont-let-deal-get-ahead-documents/

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