Do You need a Buy-Sell Agreement When Starting a Business with Friends and Family
Starting a business gives you the opportunity to provide an innovative product or service to consumers. You can harvest your talents and control your own success in the business. Working for yourself gives you unprecedented freedoms and small businesses remain the cornerstone of the American economy. Of course, starting a small business is also a risk- and you need to make sure you take the right steps to protect yourself. One of those steps is the creation of a buy-sell agreement. Creating a buy-sell agreement is.. [Read More…]
Material Breach of Contract vs. Non-Material Breach
Individuals or businesses who sign a contract are expected to follow the terms of their agreement. Regardless of whether you actually read or understood the contract that you signed, you are usually required to fulfill your obligations under it or you could face a breach of contract case. Unfortunately, in some situations, one or both parties to a contract fails to live up to the promises that were made when the contract was negotiated and signed. A failure to fulfill the terms of a contract is.. [Read More…]
What if a Spouse Doesn’t Respond to a Divorce Petition
When a person files for divorce, the other spouse is served with the court papers by a qualified process server. The spouse who receives the divorce papers has a limited period of time in which to respond to the petition for divorce. The responding spouse must provide an answer to the court, providing required information and appropriate legal paperwork. If one spouse doesn’t respond to a divorce petition, this does not mean that the dissolution of marriage will not go forward. However, a failure by the served spouse.. [Read More…]
Cost of a Divorce in Las Vegas
Ending a marriage can be an emotionally draining experience that causes you significant amounts of stress. Unfortunately, divorce can also be a financially devastating experience. Not only do you face the division of your shared marital property and the transition to a one-income household, but you also must pay the actual costs of dissolving your union. The cost of a divorce in Las Vegas is going to vary depending upon the specifics of your circumstances. There is a filing fee to actually submit the paperwork to.. [Read More…]
What is Title Insurance and Why Is it Important?
When you own real estate, you take title to the property. Title essentially refers to the bundle of rights that go along with the property. For example, there is a right to use the property, a right to possess the property, and a right to drill for oil and gas underneath the surface of the property, among other rights. The bundle of rights associated with the property may be shared among different parties or one person may have all of the rights to a particular piece of property. When.. [Read More…]