Can you explain the distinction between a Contract for Sale and a Purchase Contract? Stumped already? Then you should read this article! You should know what these documents are and the differences between them. It’s not difficult. Not only … [Read more...]
Transferring Rental Property to an LLC
Attorneys typically recommend that investors hold rental properties in limited liability companies. A limited liability company (“LLC”), maintained properly as a separate entity, limits the investor’s liability to the assets held in the LLC and … [Read more...]
TRIVIAL VS MATERIAL BREACH OF CONTRACT DOES IT REALLY MATTER?
There have been many court cases dealing with this subject. So then, does it matter whether a breach of contract is a trivial breach or a material breach and if so what difference does it make? The simple answer is that “Yes”, it does matter a lot … [Read more...]
Franchisors as Co-Employers?!
The National Labor Relations Board (“NLRB”) announced last week that their General Counsel found merit in charges made by McDonalds’ employees regarding employee protests. The momentous impact of the announcement is that the finding was against both … [Read more...]
BUYER’S REMORSE – SORRY!
As the saying goes; I wish I had a dollar for every client I had over the past many years who came in with a contract seriously asking “How can I get out of this contract”. If I did get a dollar each time, I might be driving a Lamborghini – they … [Read more...]
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