Monthly Archive

August 2025

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The Covenant of Good Faith and Fair Dealing Underlies Every Contract

By Donald W. Hudspeth | Published August 27, 2025 | Posted in Contract Law | Tagged Tags: Abuse, benefits, discretion | Leave a comment

No matter what express terms are agreed to by parties to a contract, there is a meta-agreement known as the implied covenant of good faith and fair dealing. It is at heart a contracting party’s duty to act honestly and fairly and not to do anything to injure the other party’s right to receive the Read More

Earnouts Can Help Cement a Business Sale, But Beware of the Risks

By Donald W. Hudspeth | Published August 20, 2025 | Posted in Mergers & Acquisitions | Tagged Tags: business, Earnouts, sale | Leave a comment

Earnouts are pricing structures, often used in private business sales, by which part of the purchase price is deferred until after closing. It becomes payable only if the target business meets certain agreed-upon financial benchmarks or operational milestones during a specified period. Earnouts can be useful in overcoming obstacles to a business sale. However, they Read More

Key Indicators That It’s Time to Update Your Organizational Documents

By Donald W. Hudspeth | Published August 13, 2025 | Posted in Business Law | Tagged Tags: financial, investment, Ownership | Leave a comment

Every business, regardless of its size or maturity, relies on governing documents such as the partnership agreement, shareholder agreement or LLC operating agreement. These documents provide a foundation for critical decision-making, management structuring and dispute resolution. As a business evolves, it’s vital to review these agreements to be sure they reflect current realities and to Read More

U.S. Treasury Pauses Enforcement of the Corporate Transparency Act

By Donald W. Hudspeth | Published August 6, 2025 | Posted in Business Law | Tagged Tags: deadlines, penalties, tax | Leave a comment

In a move that affects millions of U.S. businesses, the Treasury Department has announced that it is suspending enforcement of the Corporate Transparency Act (CTA) for domestic entities. This decision provides immediate relief to businesses that were facing looming deadlines and potential penalties for non-compliance. The CTA, enacted to combat financial crimes like money laundering Read More

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Donald W. Hudspeth

Principal Attorney

Attorney Donald W. Hudspeth has more than twenty years’ experience practicing corporate and business law. Before attending law school, Mr. Hudspeth held a stock brokers license at the age of 21 and owned his own business at the age of 23. He was a business law professor at Arizona State University, West Campus, and has conducted classes and seminars for a number of higher institutions and organizations. Mr. Hudspeth has published two books on law and is the founder of the radio programs Law on the Edge and Law Talk.

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AWARDS

Our firm now offers a scholarship program for ASU first and second year law students.

The scholarship is awarded to students for academic merit with an interest in business and business law. Candidates may have majored in fields other than business, have taken a break between college and law school, or have had exceptional life experiences.

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SEE What People ARe SAyING ABOUT US

"I would recommend Mr. Hudspeth unequivocally. Not only is he an outstanding business attorney, he also provided me with access to a divorce attorney. Thanks to his skill, and resources available outside the Phoenix law family, I was successful in challenging a “family law” mediation that was particularly and grossly unfair." - Chandler, Arizona Private Individual
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