Real estate investment (residential or commercial) is, by all means, a huge undertaking. Whether you are buying to lease or open a new store, you want to be sure that the commercial property you are putting your hard-earned money on is worth it. To get value for your...
3 elements to include in your partnership agreement
The decision to get into a business partnership with another person is a huge one. Maybe the prospective partner is a family member, a childhood friend or an investor. Whatever your relationship with a potential partner, one of the most important things you need to...
How many powers of attorney types are available in the Metroplex?
There are several types of power of attorney that individuals can utilize for various legal and financial purposes. Understanding these different types is crucial for anyone seeking to appoint an agent to act on their behalf in specific situations. General Power of...
Creditor scrutiny can help identify fraudulent transfers
Laws require businesses to provide almost complete transparency regarding financial and business decisions leading up to filing bankruptcy. Unfortunately, some will try to hide money or assets through fraudulent transfers before filing. While rare, owners, officers or...
Commercial real estate lease clauses to know
Commercial real estate leases are often lengthy and dense. Ideally, they protect the owner's and lessee’s interests. These contracts will identify the usual basics of the exact commercial property the tenant will occupy, the length of the agreement with start and end...
Mergers and acquisitions often need purchase price adjustments
Mergers and acquisitions deals average about $67 million and are incredibly complex. In-house attorneys may have the experience to hammer out these deals, but often it involves a legal team to negotiate the agreement. Someone brought in to focus on these deals will...
Are automatic stays really automatic?
When businesses file bankruptcy, bankruptcy courts issue automatic stays which essentially freeze all collections. Fortunately, creditors can petition the court to obtain relief from the automatic stay. Then a judge can grant relief to creditors, which enables them to...
Commercial real estate contracts need contingencies
Contingencies are a standard part of nearly every valid contract, including commercial real estate agreements. The reasons are pretty simple – they can address unnecessary risks and provide peace of mind to both sellers and buyers. When millions are on the line,...
Including your pet in your estate planning
Pets have become an essential part of most families in the United States. Most households own at least one pet, and it is not uncommon for people planning their estate to think about what will happen to their pet after they pass or when they can no longer care for it....
Businesses sometimes need to defend themselves in contract dispute lawsuits
Despite doing their due diligence before entering an agreement with clients, employees and partners, businesses can find themselves involved in a dispute from time to time. They may accuse you of a breach of contract and subsequently take it further by filing a...