Boutique Law Firm Focused on Business and Healthcare Law
For the first time in RezLegal history, we are celebrating the recognition of all three of our partners in The Best Lawyers in America publication.
Elizabeth Shaw (left) is recognized as a Best Lawyer for her work in Healthcare Law, this is her second time receiving this award.
David Jeans (right) is recognized for his work in Corporate Law, this is his first year receiving this award.
A special congratulation to Rick Reznicsek (center) for winning Lawyer of the year for his work in Corporate Law. Rick has been recognized as a Best Lawyer since 2009 and has previously won the Lawyer of the year award in 2015 for his work in Healthcare Law.
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(904) 638-1085
816 A1A North
Suite 204
Ponte Vedra Beach,
FL 32082
Recognized as One of the Best Law Firms
in the Nation by U.S. News and World Report
REZLEGAL
We assist our clients at every stage of their development from planning and formation, through funding, financing and structuring complex business transactions such as sophisticated mergers, acquisitions and succession planning.
NEWS & RESOURCES
Three Keys to Drive a Successful Sale of Your Business
Over the years I received many questions about how I was able to successfully sell my business. While there are many components to consider, I believe it boils down to the following three keys: 1. Time -- As Abraham Lincoln once said, “Give me six hours to chop down a tree and I will spend the first four hours sharpening the axe.” No truer words were ever written about selling your business. A couple of years ago, US Trust, a subsidiary of Bank of America, surveyed several hundred business owners and found that only 7% of business owners exit their [...]
A Breakdown of Contractual Limitations on Liability
One of the most common negotiating tools is the use of contractual limitations on liability to establish the risk each party undertakes in an agreement. Each party always wants to limit its own risk, while at the same time requiring the other party to maintain full liability. Negotiating these types of limitations of liability provisions are an important part of any arrangement. Typically, limitations on liability involve three features of recovery: the (1) type, (2) cause, and (3) amount of damages. Depending on the agreement, each of these features will more specifically address each party’s liability and the overall cost [...]
Know The Terms Of Your Preferred Equity
We are often involved with assisting companies raising capital, and these companies can be at various stages of their business life cycles. For example, a start-up company might be raising capital for a wide variety of reasons (such as hiring a sales force, product development, etc.) and a middle-stage company might be raising capital for a certain strategic venture or add-on acquisitions. One of the issues that can be overlooked in the process is the economic impact of the capital being raised when there is a “preferred return” associated with the capital. The capital can come from a variety of [...]
Preparing to Sell a Practice: A Seller-Side Guide for Healthcare Providers
The successful sale of a healthcare practice largely depends on business operations during the growth stage of the business. Buyers understand that efficient, compliant operations during the growth stage can lead to profitability and expansion post-transaction. Unfortunately, many practices cut corners to reduce short-term expenses when growing the business. Cutting corners may save money in the near future, but it often has costly implications in a later sale transaction. We often see these cost saving issues arise during the due diligence stage of a transaction. When a buyer discovers issues, depending on their nature, the buyer may reduce the purchase [...]
What is the Difference between a ROFO and ROFR?
A Right of First Offer (“ROFO”) and a Right of First Refusal (“ROFR”) are both contractual obligations that often arise in the context of a lease arrangement or in connection with selling an asset (such as a piece of property). These provisions restrict the assets held or leased by an owner and benefit the holder of the ROFR or ROFO (as applicable). They also require the owner to first discuss the sale or lease of the asset with the holder prior to completing the sale or lease of the asset to a third party. Although similar in nature, the distinguishing [...]
New Opioid Law
On March 19, 2018, Governor Rick Scott signed House Bill 21 into law, which increases the regulation of prescriptions for controlled substances and expands the use of the Florida Prescription Drug Monitoring Program (“PDMP”). This new law became effective on July 1, 2018. Limits for Prescriptions for Controlled Substances for Treatment for Acute Pain Prescriptions for Schedule II opioids for “acute pain” are now limited to a 3-day supply. "Acute pain" is the normal, predicted, physiological, and time-limited response to an adverse chemical, thermal, or mechanical stimulus associated with surgery, trauma, or acute illness. The definition of “acute pain” excludes [...]