Mary K. Parent

Director

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  • Overview

    • Responsive, client-focused corporate and commercial transactional attorney.

      As a member of Downs Rachlin Martin's Business Law Group, Mary Parent works with a wide variety of local and national businesses to advise them with respect to corporate legal affairs. When Mary engages with a client, she does so at the strategic level, collaborating with clients to propose solutions that benefit their businesses, whether working through issues in connection with an acquisition of key assets, negotiating a commercial lease for a preferred location, assisting a newly-formed entity with respect to their corporate governance and operation, or assisting a company as it sells its assets or dissolves. Mary's clients describe her as responsive to their needs and goals, and appreciate how she documents their transactions in a reasonable manner, using plain English documents, without "over-lawyering." She has experience with a broad range of transactions from financing, venture capital, mergers and acquisitions to estate planning and assisting non-profit corporations with obtaining 501(c)(3) status.

  • Experience

      • Mary worked with a multinational client to successfully negotiate a contract with a payroll service provider. The client needed the contract to be put in place rapidly. The provider presented multiple contracts for various countries, and Mary was able to work directly with the service provider's general counsel to simplify the transaction, efficiently narrowing the multiple contracts to a single master contract. The client was thus able to smoothly transition to the new provider without having issues with payroll in the interim.
      • Assisted a local client with the sale of her ownership in a business which she cofounded. The client had worked hard to grow the business, and had specific requirements that she wanted included in the documentation regarding her ongoing involvement with the business. Mary was able to successfully negotiate with the purchaser to ensure that the client's specific needs and desires were met.
      • Advised a nonprofit corporation with respect to what to do with several restricted endowments in connection with its dissolution. The client had an inactive board of directors, and the endowments had complex restrictions that made distributing them in a liquidation difficult. Mary and others at DRM were able to successfully work with the client to allow it to meet the statutory requirements for dissolution and distribution of the endowments.
      • Frequently works with the members of the DRM's Intellectual Property Group to draft detailed supply, development and licensing agreements. A recent example is her preparation of a supply agreement with a company located in China. Mary was able to work closely with Chinese counsel to prepare provisions that protected our U.S. client's intellectual property and would be enforceable in China, while being favorable to our client.
      • Routinely prepares local counsel opinions for Vermont and New Hampshire financings. A client recently retained her to prepare a local counsel legal opinion in connection with their financing of the purchase of a Vermont business on a short timeframe. Mary was responsive to their tight timeframe, and, in addition to preparing the original opinions, was able to prepare and deliver an additional legal opinion requested on the eve of closing quickly and efficiently.
      • Works closely with a national client to negotiate the terms of its commercial leases for multiple locations around the U.S. and in Canada. In order to be efficient as the client has many lease locations, Mary has worked with the client to develop a checklist of important lease provisions, so that the client is able to conduct the initial negotiation with the landlord prior to DRM's review of the documents.
      • Represented a U.S. client in connection with the purchase of assets of a U.S. manufacturing facility, conducting extensive due diligence and handling, at times, difficult negotiations. In doing so, she worked closely with the company's general counsel, who was located in Switzerland, to successfully close the transaction, even when a "deal breaker" issue almost caused it to not close on the eve of closing.
      • Advised a client in connection with its purchase of certain assets of a company in the process of leaving a line of business that was a line of business the client wanted to pursue. She was able to meet the client's needs on a very tight timeline.
      • Mary enjoys working to form non-profits and assist them in obtaining 501(c)(3) status. She has formed numerous non-profits and finds working with the clients on the detailed application process rewarding.
  • Testimonials

    • "We were in negotiations on a deal that had the potential to be a ground shift moment for Angstrom, but we kept hitting road blocks. Some of the issues we faced were logistical because we were negotiating with an overseas company. But there were bigger issues that kept manifesting as something else. We had retained DRM on other game-changing matters, so we turned them for help once again and Mary Parent proved anew why the firm is such a good fit for us. She maneuvered her schedule to make time-zone challenged meetings possible, and used her no-nonsense communication style to get to the crux of what was actually holding up the deal. Once she understood the real objection, she proposed a smart business solution that was to both our benefit and satisfaction.

      Now, we are going to be selling our products not just in North America but in Europe, Australia and parts of Asia.  Mary’s guidance, recommendations and dogged efforts made it happen."

      Tony Petrucci
      President & CEO, Angstrom Technologies

  • Memberships & Activities

      • Caledonia County Bar Association
      • New Hampshire Bar Association
      • Vermont Bar Association
  • Community Involvement

      • Mary is a member of the Union Bank St. Johnsbury regional advisory board. Before joining DRM, she was associated with Choate, Hall & Stewart LLP in Boston where her work included general corporate and securities matters, debt and equity financing, private placements and mergers and acquisitions.
      • Mary is a past president and former board member of the St. Johnsbury Chamber of Commerce, and continues to serve as a committee co-chair. The Chamber stimulates and promotes the vitality of downtown St. Johnsbury's cultural, commercial, and community resources. Most recently, she was elected as Corporator of Northeastern Vermont Regional Hospital. She also serves as a director of the Fairbanks Museum and on the Lyndon State College Center for Rural Entrepreneurship Regional Advisory Board. She previously co-chaired the St. Johnsbury chapter of the Women Business Owners Network, a state-wide organization that promotes networking and education among women business owners. Mary also served previously on the board of directors of Catamount Film & Arts, a regional non-profit arts organization.

Responsive, client-focused corporate and commercial transactional attorney.

As a member of Downs Rachlin Martin's Business Law Group, Mary Parent works with a wide variety of local and national businesses to advise them with respect to corporate legal affairs. When Mary engages with a client, she does so at the strategic level, collaborating with clients to propose solutions that benefit their businesses, whether working through issues in connection with an acquisition of key assets, negotiating a commercial lease for a preferred location, assisting a newly-formed entity with respect to their corporate governance and operation, or assisting a company as it sells its assets or dissolves. Mary's clients describe her as responsive to their needs and goals, and appreciate how she documents their transactions in a reasonable manner, using plain English documents, without "over-lawyering." She has experience with a broad range of transactions from financing, venture capital, mergers and acquisitions to estate planning and assisting non-profit corporations with obtaining 501(c)(3) status.

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