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Jerita L. DeBraux Salley

Jerita L. DeBraux Salley

Jerita DeBraux Salley is a corporate and transactional attorney who counsels broadcast, cable, financial institutions, aircraft, nonprofit, and other clients in a wide-variety of corporate governance and transactional matters.

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The Deal Room: Entity Selection and the Advantage of Limited Liability Companies

Posted in Corporate/Business
There are several key considerations that come into play when deciding what kind of business entity to use for a particular business venture. For example, one must consider issues related to personal liability, tax treatment, management and restrictions on ownership and transfers of ownership interests, just to name a few. Each type of entity will treat these issues uniquely,… Continue Reading

Purposes and Pitfalls of Letters of Intent

Posted in Transactions
Letters of Intent, sometimes referred to as memorandums of understanding, are frequently used in media transactions and are pre-contractual documents that set forth certain basic terms upon which parties intend to enter into binding definitive agreements.  Letters of Intent are usually intended to be non-binding “agreements to agree” which confirm and solidify handshakes.  There are,… Continue Reading

The WARN Act and Considerations for Broadcasters

Posted in Employment
The Worker Adjustment and Retraining Notification Act (the WARN Act), 29 U.S.C. §§ 2101—2109 (1988), requires employers to notify their employees at least sixty (60) calendar days prior to a plant closing or a mass layoff in order to allow employees and their families a transition period between jobs.  For most broadcasters, a plant closing or… Continue Reading