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.
By Jerita L. DeBraux Salley on Posted in Corporate/BusinessThere 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
By Jerita L. DeBraux Salley on Posted in TransactionsLetters 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
By Jerita L. DeBraux Salley on Posted in EmploymentThe 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