Latest news with #attorney
Travel Weekly
3 days ago
- Business
- Travel Weekly
20 questions to ask a travel agency seller
Mark Pestronk Q: There is another agency in my community that I want to acquire. With my attorney's help, I have already drafted a nonbinding letter of intent with the key business terms, which I expect the prospective seller to sign. I have also reviewed the agency's financials, tax returns and key contracts. Now, I need to have my attorney draft the actual purchase agreement. To enable my attorney to do the best job, what information do I need to ask the seller for now? A: Here are 20 questions for the seller that will help your attorney zero in on all the legal issues and draft a good agreement: 1. What is the agency's full legal name, and where is it incorporated or organized? 2. What are the owners' full legal names, and how much does each own? 3. Is there an agreement among the owners, and if so, what does it provide for? 4. Are the owners related to each other? 5. Who are the agency's officers, directors or managing members? 6. Are there any other companies that are under the same or partly the same ownership? 7. Are there any nontravel-related lines of business within the company? 8. Does the agency have any debts or liens on its assets? 9. Does the agency have any employment or IC agreements that can't be terminated at will? 10. Does the agency have an ARC appointment? 11. Does the agency have a GDS contract, and if so, when does it expire? 12. Does the agency have an office lease, and if so, when does it expire and how much is the security deposit? 13. What other contracts does the agency have that cannot be terminated in 30 days or fewer? 14. Does the agency hold client deposits, and if so, how much are they? 15. Are there any future bookings that will require a buyer to pay out of its own funds (e.g., cruise group deposits paid in advance of collecting from clients)? 16. Which key employees will be retained, for how long, for what compensation, and what duties will they have? 17. Is there any threatened or actual litigation, and if so, what are the details? 18. Are there any other obligations not in the ordinary course of business? 19. Why does the owner want to sell? 20. When would the owner like to close the transaction? Once the agreement is drafted and is acceptable to the seller, you will need to get lots more information to add as exhibits to the agreement, such as lists of tangible assets, contracts, employees, ICs, top clients, top suppliers, client receivables and accrued vacation and other pay. You will also need to add financial statements, along with a warranty that the financials are correct. Finally, in the typical agency acquisition, commissions that are unpaid as of closing will often be automatically deposited into the seller's bank account. If the purchase agreement provides that you get any of this money, you need to list those commissions plus a commitment for the seller to remit them to you after closing.
Yahoo
7 days ago
- Health
- Yahoo
"It Seems Harmless, But It's Dangerous": People Are Sharing The Common Things We All Do That Are Actually Super Risky
If you're like me, and spend too much time listening to people yap on TikTok, you've probably come across a few "Things I Would Never Do As A..." videos, wherein people, such as doctors, nurses, neurosurgeons, and paramedics, share the things they would never do as experts in their fields. I always find their takes so enlightening and fascinating, so I thought I'd also ask the BuzzFeed Community to share with me all the seemingly harmless, but possibly risky things we all do way too often. We had everyone from car mechanics to attorneys to everyday people write in. Here are all the best insights: 1."I am a physiotherapist and I would never do full sit-ups. Traditional sit-ups cause microtears of the lumbar discs. By the time you reach your 20s, they can be easily herniated from something simple as bending over. There is a ton of research about this and yet they make kids do them at school. Do planks!!! They are better for your core and no trauma to the spine." —Anonymous 2."As an attorney, I would never talk to the police. Period. Full stop. Too many innocent people get drawn into situations because they're trying to be helpful or don't feel comfortable just walking away from police. If you aren't under arrest, the most police can require you to do is identify yourself. Otherwise just shut up and walk away." —Anonymous 3."A good friend of mine works for the Board of Education. She educates teachers, teaching assistants, and anyone who interacts with children on how to keep them safe. Not wearing a bike helmet is the #1 cause of traumatic brain injury in children where we live second only to motor vehicle accidents." —Anonymous 4."Cyclists at night who don't have lights on their bike." —woofshoe Related: 26 People Who Had Overwhelming Gut Instincts They Couldn't Were Right 5."Not wearing your seatbelt correctly or at all. Your seatbelt is the single most important and effective safety feature in your car. Wear it tight over your lap and over your shoulder. Not behind your back. Not under your arm. Not buckled behind you. Wearing it incorrectly can defeat the seatbelt itself and lead to really terrible injuries in the event of a crash." "Airbags alone are not a replacement for the seatbelt. Also, make sure you know how to install car seats correctly based on the age and size of your kid. Fire stations will do free checks of car seat installations to make sure you've done it right." —Anonymous 6."Running down the stairs, or just plain not using the handrail. My husband is in the military and a young, healthy guy in his unit was found dead at the bottom of the stairs one day when his wife and kids came home. He had broken his neck falling down the stairs. Hold onto the rail!" —Anonymous 7."Playing on a trampoline. Just like me, annoying the crud out of my mom, my kids beg me for one because all of their friends have one. Well, my mother worked as an insurance underwriter for decades. Part of her job was deciding if large companies were worth insuring or were too big of a risk. Guess which companies her insurance company flat-out refused to cover? You guessed it! Trampoline manufacturers." "In fact, injuries on them are so common that some homeowner's insurance plans will drop your coverage if you get one. If you're lucky, they'll just increase your rate. The other industry her company refuses to insure? Theme parks. But that's a whole different discussion." —Anonymous 8."As a trampoline and tumbling coach, NEVER have more than one person on a trampoline at the same time, especially on a competition trampoline. Most trampoline-related injuries come from having multiple idiots on the trampoline at the same time. Trampoline is an Olympic sport and can still be incredibly fun without having to do anything extra dangerous. (Also don't ever put your arm out straight to catch yourself, whether on a trampoline or elsewhere!)" —sparklycaptain30 Related: 51 People Who Quickly Discovered Why Their Hilariously Clueless Partner Was Single Before Meeting Them 9."As an ER provider, I would never stick something in my butt that doesn't have a wide base/wasn't meant for that purpose. Can't tell you the amount of times I've seen things stuck up there." —Anonymous 10."Get on a ladder. I'm a trained professional in the trades and I have seen some very scary things happen on ladders. To give you an example, my partner is a new concrete technologies specialist. He will climb 11 stories to hang on a free-standing column in a safety harness, but will do everything possible to NOT get on a ladder." "Do not get on a ladder unless you are 100% steady on your feet, have three points of contact while on the ladder, and have a ladder that is actually safe. Also, consider wearing a helmet. No joke. Do not stand on a chair, and ottoman, etc. Throw the rickety, painted-on wooden ladders in the garbage because they are death traps. If it's painted, you cannot see potential points of failure, which leads to a whole other set of safety skills you need to safely use a ladder." —Anonymous 11."I'm a product engineer in the automotive accessories space. I would have to say disregarding the condition of your vehicle's battery can seem harmless, but can be very dangerous. If you hear a clicking noise when you turn the key in your car's ignition, it could be an indication of a more serious problem with your car battery. Those batteries work off of a chemical reaction and make hydrogen gas, which then vents in fairly large quantities into your hot engine compartment full of hot metal, explosives, flowing electricity, and sparks... hydrogen is SUPER flammable!" "The white crust on the outside of an older battery is the corrosive acid eating the metals, so you can bet if that acid is getting out, hydrogen (which is the smallest molecule that we know of) is getting out. The older a battery gets and the closer to end-of-life it gets, the more hydrogen it produces and releases. Ya'll, I ain't kiddin' when I say it scares the shit out of me seeing how many car batteries spontaneously combust every year!" —Anonymous 12."Thinking short-term and not long-term. I know people say 'life is short,' but thinking short-term and not long-term in almost every aspect or category of daily life is super dangerous, from eating habits, spending habits, relationship habits, technology habits, etc." —Anonymous 13."Participating in diet culture." —Anonymous 14."Social media. I truly believe social is much more harmful than we think. There are massive mental health ramifications linked to social media use, it's given assholes and bigots a platform, and it causes us to over-consume. It can be physically harmful, too; it can lead to stalking, robberies, and murder. We are not meant to share the ins and outs of our daily lives and most private thoughts with the entire world!" —Anonymous 15."Picking pimples, picking the dry hard skin on your feet, digging your cuticles, picking out really deep ingrown hairs, etc. I do these a lot when the urge strikes, and these can seriously set you up for nasty infections if you're not careful." —morganleslay 16."Not temping home-cooked food. If it flies, 165°! Temp your lasagna. Temp your pizza rolls. For goodness sake, temp every meat and never ever reheat leftovers more than once." –Kirsten 17."Eating raw fruits and vegetables without washing them first. I mean, seriously. You can get some really nasty bugs." —Afan And lastly: 18."Speeding. Actually, any kind of reckless driving. Speeding through yellow/red lights, not using a blinker when changing lanes, going well over the speed limit, cutting people off, road rage. Car accidents kill and cause injuries to so many people. I don't care if you're running late to work… no destination is worth risking your life on the road." "You've got people who care about you who want you to get places safely. I know people are in a rush to get everywhere and nowhere, but if you've ever lost someone to a car wreck, I'm sure you think twice about your driving habits now. Be safe out there!" —ellave What other seemingly "harmless," but actually harmful habits and activities can you add? Let me know in the comments! Also in Internet Finds: 15 Facebook Marketplace Items You'll Wish, From The Depths Of Your Soul, You Could Unsee Also in Internet Finds: People Are Confessing Their Absolute Pettiest "Revenge Served Cold" Stories, And It's Deliciously Entertaining Also in Internet Finds: 19 Things Society Glorifies That Are Actually Straight-Up Terrible, And We Need To Stop Pretending Otherwise
Yahoo
24-05-2025
- Yahoo
Have you seen this bronze eagle statue missing from downtown Orlando?
A bronze eagle statue is missing from downtown Orlando and police are asking for help from the public to find it. The statue was stolen during a break-in at a law firm near East Pine Street & South Court Avenue owned by a 'well-respected attorney who recently passed away,' according to a Friday news release from the Orlando Police Department. The agency said the statue was last seen April 19 near East Pine Street and South Court Avenue but did not identify the law firm by name or its owner. Detectives believed the suspects dumped it at a specific location but it was no longer there when they searched the area. 'The statue holds deep sentimental value for the attorney's widow, and efforts are underway to recover it,' police said. OPD didn't provide any additional details of the incident in its news release: 'This is all the information we have to share at this time.' Investigators ask anyone who witnessed anything suspicious or have any information about the statue's whereabouts to please call OPD's tip line at 800-423-TIPS.
Yahoo
24-05-2025
- Yahoo
Bronze eagle statue stolen from Orlando law firm has 'deep sentimental value' for attorney's widow: OPD
The Brief A bronze eagle statue was stolen from a law office in Downtown Orlando after a break-in. The statue held deep sentimental value for the widow of a respected attorney. Police are asking for tips from the public as the investigation continues. ORLANDO, Fla. - Police are searching for a bronze eagle statue that disappeared from a law firm in Downtown Orlando. What we know The statue was stolen during a break-in at a law firm located near East Pine Street and South Court Avenue, acording to the Orlando Police Department (OPD). The property belonged to a prominent local attorney who passed away recently. Detectives believe the statue may have been dumped at another location after the theft, but it was no longer there when police arrived to investigate. What we don't know Authorities have not released surveillance footage, suspect descriptions, or a precise time of the break-in. Police have not confirmed the exact value of the statue, though it has been described as having strong personal significance. The backstory The statue belonged to a well-known Orlando attorney whose death left a significant impact on the local legal community. The OPD did not confirm the name of the attorney. The eagle sculpture, which had been displayed at the law office, was not only a decorative piece but a cherished object for the attorney's widow, according to police. What they're saying Police emphasized the statue's personal significance in a statement sent to FOX 35 News. "It holds deep sentimental value for the attorney's widow," said a spokesperson from the Orlando Police Department. The department is urging the public to come forward with any information. "If you witnessed anything suspicious or have any information about the statue's whereabouts, please contact the Orlando Police Department," they added. STAY CONNECTED WITH FOX 35 ORLANDO: Download the FOX Local app for breaking news alerts, the latest news headlines Download the FOX 35 Storm Team Weather app for weather alerts & radar Sign up for FOX 35's daily newsletter for the latest morning headlines FOX Local:Stream FOX 35 newscasts, FOX 35 News+, Central Florida Eats on your smart TV The Source This story was written based on information shared by the Orlando Police Department.
Telegraph
21-05-2025
- Business
- Telegraph
I have power of attorney, now what?
Taking on the role of power of attorney for a loved one can be tough – if you need to act on their behalf it will mean that person no longer has the capacity to make decisions for themselves. But by understanding your role and responsibilities, you can at least make things a little easier for all parties. Helen Strong, lead solicitor in the private client department at law firm BTTJ, said: 'A lasting power of attorney (LPA) is a legal document that allows a person to appoint someone, an 'attorney', to make decisions on their behalf if they become unable to do so.' One or more trusted persons, such as family members or friends, can be nominated. An LPA must be registered with the Office of the Public Guardian (OPG) before it can be used. This can be done at any time. Here, Telegraph Money explains what you need to do after taking on the responsibility of power of attorney. Responsibilities as an attorney Should you need to act on behalf of the donor – that is, the person who appointed you as their attorney – there are a number of responsibilities you'll be taking on. These include: Being able to demonstrate that the donor consents to you acting on their behalf. Making choices about the donor's healthcare arrangements, or staying on top of their day-to-day finances. Stepping in if the donor is at risk of being a victim of scammers. Taking action if you need to use the donor's assets to help pay for their care. The most important thing you must keep in mind as an attorney is your duty to protect the wishes of the donor throughout their lifetime. Heledd Wyn, a TEP (trust and estate practitioner) and partner at Rothley Law, said: 'You have to act in the best interests of the person who has appointed you. You must also have regard for the Mental Capacity Act 2005.' You can read more about what's involved in being an attorney at Ms Wyn added: 'It is important people understand their responsibilities as attorneys, and that they keep records of transactions, such as everything they have spent money on – and why.' Your responsibilities may vary depending on which type of LPA you have been granted – there are two, and you may have been appointed to cover both. Health and welfare power of attorney This type of LPA enables an attorney to make decisions about health, personal and medical matters. It can be very wide-ranging: It covers aspects of day-to-day life, such as where a patient lives, what they eat, how they dress and who can visit them. It can cover decisions about their medical treatment, dental and optical care. It can even include matters of life and death, such as issuing 'do not resuscitate' orders. Ms Strong said: 'Anyone taking out a health and welfare LPA can decide to give their attorneys the power to consent or refuse 'life-sustaining' medical treatment.' Note that this LPA only takes effect once the donor has lost mental capacity or cannot express their own wishes and feelings. It must be correctly registered with the OPG before an attorney can use it. Property and financial affairs power of attorney This type of LPA allows an attorney to make a range of decisions about the donor's finances. This might include: Managing bank accounts. Paying bills. Collecting their pension. Buying and selling property, or renting it. Making investment decisions. Unlike a health and welfare LPA, this type can be used, or 'triggered', as soon as it's registered, provided the donor has given their permission. This is the case even if the donor still has capacity. Ms Strong said: 'A property and financial affairs LPA can either be used immediately – or when the donor no longer has the ability to make financial decisions.' It is down to the donor to specify this. Who to notify that you are an attorney If the LPA is being used to make decisions about the donor's finances or property, you may want to notify certain relevant parties, such as: The donor's bank. Their mortgage provider. Their landlord. If you're using the LPA when making choices about the donor's health and welfare, you may need to notify: The individual's friends and family. Their doctor and other health-care staff. Their care workers, social workers or other social-care staff. How long power of attorney lasts Once an LPA has been registered with the OPG, it then lasts indefinitely, unless one of the following happens: The donor dies. The donor chooses to revoke it (they must still have mental capacity at this time). The attorney becomes incapable (if they lose mental capacity, pass away or choose to no longer act on behalf of the donor). Assuming none of these things happen, a person's LPA will continue to operate, with you, as the appointed attorney, making decisions as required. Ms Wyn said: 'An LPA usually lasts until the donor passes away or revokes it. If the attorney dies before them – and there are no replacements named – the donor must inform the OPG.' The donor must then choose someone else to be an attorney, providing they have the capacity to do so. This will mean setting up a new LPA. Ms Wyn added: 'The donor can also decide to revoke their LPA if they change their mind for any reason. Further, the OPG may cancel an LPA if someone has mis-used it.' This last point highlights just how important it is to choose the right attorney who can be trusted to make good decisions.
