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October 2020 Newsletter

Posted by Res Nova Law | Oct 02, 2020 | 0 Comments

“The greatness of a nation and its moral progress can be judged by the way its animals are treated.” –Gandhi

During these difficult times, one constant comfort for me has been my two dogs, Ava and Rudy. They sit patiently behind me while I type, bark during my calls, and follow me up and down the stairs as I move throughout my day. They've seen more of me in the last six months than they did in the last nine years.

I love the above quote by Gandhi because it really shines a light on human character. I heard it recently and it made me think about who really is the neediest among us. Our animals love us unconditionally (well, except our cats) and soothe our souls. I cannot imagine how I would feel if I couldn't give the animals that depend on me the food or medical care they need. I know the numbers of those who can't do so are growing daily in our community. Fortunately, I know from social media posts that the non-profit my daughter Chloe volunteered for years ago is still hard at work. Our Non-Profit Spotlight this month features the work of this amazing organization.

In honor of our constant companions and all humans that love them, Res Nova Law will be donating 5% of gross proceeds for the month of October to The Pongo Fund. Read on below..Susan.

Non-Profit Spotlight: The Pongo Fund

This month Res Nova Law casts its spotlight on local non-profit and pet food bank, The Pongo Fund. According to its founder, Larry Chusid, "The Pongo Fund combines the most critical needs in animal welfare, keeping tens of thousands of animals safe, healthy and out of the shelters. Our award-winning and volunteer driven group provides our services free of charge; consistently and without fail. We have provided an array of lifesaving services for 165,000 hungry and hurting animals, keeping each one of those animals safe at home and out of the shelters.”

The Pongo Fund is Oregon's only full-time charity focused on fighting animal hunger. It helps the animals of Veterans, seniors, the victimized, marginalized, unemployed, disabled, mentally ill, the hungry, the hurting, the homeless and all other good people facing the toughest of times. They do it by providing food and vital veterinary care to those in need. Over the past 10+ years, the Pongo Fund has provided more than 18 million high-quality meals and a whole lot of lifesaving veterinary care, all of it for free.

Please consider giving generously to The Pongo Fund during this extraordinary time of need. You can also donate by clicking here or by mailing a check to The Pongo Fund, PO Box 9000, Portland, OR, 97207.

Tips for PPP Loan Forgiveness in M&A Transactions

If you are involved in either a stock purchase agreement or an asset purchase agreement and one of the parties has taken a PPP loan that has yet to be forgiven, be sure to review this SBA Procedural Notice and share it with your PPP lender. The procedures must be followed to ensure full forgiveness and to avoid liability for the loan shifting from the borrowing party to the buying party.

As always, our creative and experienced attorneys are here to help you with your intellectual property and business needs.

Get in touch with our team if you'd like to learn more about how to identify and protect your most important business interests.

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