Knowing When to Walk Away
At Creditors' Sidebar, from time to time we want to highlight how the "nuts and bolts" of originating a commercial transaction can have a significant impact in the future. Here is a great example posted on WeilGotshal's Bankruptcy Blog (The Fraudulent-Transfer Risk of Intangible Consideration). It is a reminder to all of us to take care in drafting our documents. As the article points out, specificity in the document's language may be more expensive at the outset; however, it may save in future litigation costs.