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Emerging Company Essentials: Getting Paid – Legal Update from Jeremy Halpern and John Loughnane

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Jeremy Halpern, a partner and co-chair of the firm’s Emerging Companies Group, and John Loughnane, a partner in Nutter’s Corporate and Transactions Department, authored a guide for emerging companies entitled “Emerging Company Essentials: Getting Paid," which outlines clear remedies for emerging companies if a customer defaults on payment. Jeremy and John highlight the necessity of being vigilant and resilient in all aspects of business, including thinking through and implementing appropriate contractual terms; preparing contingency plans; and understanding and paying attention to the signs of distress that may topple a trading partner. According to John and Jeremy, appropriate contractual terms, well-developed contingency plans, and awareness of the signs of customer distress are key aspects of ensuring that high paced startup growth is not interrupted by the financial distress of a customer.

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