Tag: Due diligence

• Business Transactions

  Demystifying Term Sheets – The First Step for Closing the Deal

  • October 15, 2014
  • By Allen & Gooch
  

  So what is a Term Sheet, anyway? A term sheet is essentially an outline of a proposed transaction. This allows the parties to identify and agree (generally in a non-binding way) on the basic terms of the deal. Before the lawyers get involved to start papering the deal and performing due diligence, it is important […]

• Professional Liability

  The Basic Duties of Insurance Agents in Louisiana

  • December 6, 2013
  • By Allen & Gooch
  

  Do you know what duties insurance agents owe to their clients in Louisiana? Insurance agents in Louisiana owe a duty of due diligence in obtaining coverage for their clients.  Louisiana jurisprudence provides that an insurance agent who undertakes to procure insurance for another owes an obligation to his client to use reasonable diligence in attempting […]