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Expressions of Intent to Pay the Debt of Another do not Constitute a Guarantee

Perkins Law obtained summary judgment in favor of its client in a lawsuit where a creditor attempted to use expressions of intent to pay the debts of another person as a means for pursuing a guarantee claim. The case involved loans between two former friends where the borrower defaulted and went into bankruptcy. The borrower … Continued

The Curious Case of Little Dipper Island

When our client visited his island (Little Dipper Island) on Damariscotta Lake last spring, he was shocked to find “No Trespassing” signs on his camp, with the signs stating that his camp was owned by someone else. Even worse, the locks to his camp had been changed. During the prior summer, a man in a … Continued

Perkins Law Closes Stock Redemption Deal for US/Polish Software Firm

Dave Perkins represented Andrew Gauvin, of Warsaw, Poland, in a transaction where Gauvin acquired all shares of Freeport Metrics, Inc. in a stock redemption transaction that closed on August 14, 2018. Freeport Metrics, Inc. is an innovative software firm with offices in Portland, Maine and Warsaw Poland. The firm has over 40 employees/independent contractors in … Continued

Your Intellectual Property

When was the last time you inventoried your intellectual property?  Have you calculated its value?  Today, when few businesses are truly local, the value of IP is greater than ever. You lock your place of business when you leave, lock all your equipment, fixtures, and inventory inside, probably have a security system, and almost certainly … Continued

Biomass Energy System Transaction

Perkins Law, PA was pleased to represent Player Design, Inc. (“PDI”), of Presque Isle, Maine, in a creative project involving the financing and construction of a biomass energy system in Sanford, Maine. With the transaction, PDI contracted to build the biomass system for T&D Wood Energy, LLC.  T&D Wood Energy, LLC acquired the land for … Continued

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