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Rescission in Business Transactions: How to Fix Something That's Gone Wrong (teleseminar)
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This program will provide you with a practical guide to using rescission, backdating and other forms of modification to fix transactional errors, teach you about the best uses and limits of each technique, and discuss the tax and other consequences of using these techniques.

3/12/2018
When: 03/12/2018
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781


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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
RESCISSION IN BUSINESS TRANSACTIONS: HOW TO FIX SOMETHING THAT’S GONE WRONG, 1 CLE hour
 

Despite the best laid plans and careful draftsmanship, errors occur in transactions and their underlying documents.  The parties may have had a misunderstanding of a crucial fact or there may have been a misunderstanding of the applicable law, leaving the parties with a practically or legally defective arrangement.  Or a simple drafting error may have been made in one or more of the transaction’s underlying documents.  Rescission, backdating and other forms of transactional modification are available to correct these mistakes.  This program will provide you with a practical guide to using rescission, backdating and other forms of modification to fix transactional errors, teach you about the best uses and limits of each technique, and discuss the tax and other consequences of using these techniques.

 

·       Types of temporal modification – rescission, backdated initial actions, backdated modification

·       Legitimate reasons for after-the-fact modification of transactions

·       Statutory and common law recognition of rescission

·       Permissibility of back-dating certain transactions

·       Special use of rescission to save S Corp status of a corporation

·       Tax consequences of rescission and other corrective measures

 

Speaker:

 

Allen Sparkman is a partner in the Houston, Fort Worth, and Denver offices of Sparkman Foote, LLP.  He has practiced law for over forty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving.  He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics.  He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business and co-author of “Using Limited Liability Companies, Partnerships, and Limited Partnerships in Colorado,” publishing by CLE in Colorado, Inc.  Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.

 

*(Teleseminar courses qualify for self-study credit only)  

 

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