Does Your Spouse Have to Sign Loan Documents for a Business Loan or Personal Guarantee?
When you start a business or grow your company, you may need to borrow funds. When your venture is a brand new one, the business probably does not have credit or collateral. This means that there are going to be very few financial institutions, if any, that will provide a loan to the business alone. You will need to take on the loan personally or co-sign for the loan in order to get the funds you need. When you borrow money in your name for your company.. [Read More…]
What is a Payment and Performance Bond?
During a construction project, a contract is created between a builder or contractor and a developer or property owner. The contract must contain many clauses including specifying what work is to be performed, how it is to be performed, and how it is to be paid for. While the contract should be detailed to protect everyone’s interests, you cannot guarantee neither party will breach the contract. As a result, in some construction contracts, bonds are required to ensure the contract is performed and the subcontractors paid… [Read More…]
What are Some Construction Issues That Require the Help of a Real Estate Lawyer?
During a construction project, a contract should be created to provide protections to all involved parties. The developer or building owner needs assurances that the builder will perform work according to specifications, and that the project will be completed within an agreed budget. The builder or contractor needs assurances that the work will be paid for by the owners in a reasonable time frame. Although a contract should be created that plans for all contingencies, it can be impossible to plan for every possible issue that.. [Read More…]
What is Commercial Litigation in Las Vegas?
Running a business raises the potential for many different types of disagreements and disputes. While the goal of every company should be to structure transactions and interactions in order to avoid the need for legal action, sometimes a business is sued or must file a lawsuit in order to protect its interests. When a dispute arises out of business and commercial laws, the dispute is considered commercial litigation in Las Vegas. Commercial litigation can arise in many different situations and a company may initiate the lawsuit.. [Read More…]
What is a Mechanic’s Lien?
When an individual performs work, he or she deserves to be paid. The law provides myriad remedies for someone who performs work and is not compensated as promised. A person who performs work and doesn’t get paid can file a lawsuit for breach of contract or theft of services. Unfortunately, sometimes it can be difficult for the worker to go through this legal process and there is no guarantee of the outcome when a case is filed. In certain industries, a worker gets added protection and.. [Read More…]