When you own a Mississippi small business, the odds of you finding it involved in some type of business dispute at some point is high. Business disputes often involve a contract, shareholder, employment or fraud issues, among others, and, in some cases, they may cost...
Year: 2021
Who is responsible for a decedent’s debts?
Losing a loved one can be an emotionally trying time, so you probably want your relative’s estate to clear probate so you can seek closure. However, sometimes difficult issues turn up during probate. For instance, your relative may have some outstanding debts. This...
What creates a binding contract?
Entering into a contract creates a legal agreement. If you break it, there are legal consequences. However, to enter into a contract that is binding, the contract must meet specific criteria. The Mississippi Bar explains a binding contract must have an exchange for...
3 things to consider when negotiating a commercial lease
Taking on a commercial lease is a major decision that requires careful consideration. If your business ends up tied to a legally binding agreement that is not workable, there could be noticeable impacts on profitability. As a result, it can be beneficial to prepare...
How do commercial leases differ from residential ones?
Renting commercial space is a significant consideration for any business. The success of your business is largely contingent on its location and the terms of the lease you entered into. Before you engage a landlord, you must understand how a commercial lease differs...
You may be able to remove an executor for an estate
After the death of a beloved relative, you learned of the appointment of an acquaintance to administer your relative’s estate. Since that time, your concerns have only grown more urgent. You and your family may be worried that your relative’s estate has not been...
Why children and their stepmothers often duke it out in probate
Estates often end up hotly contested in probate court for one main reason: Someone believes that the will doesn’t reflect the testator’s true wishes -- usually either because they believe the testator was subjected to undue influence or lacked testamentary capacity at...
Will the Mississippi courts enforce a non-compete agreement?
The people that you hire are a liability for your business. They could harass a co-worker or alienate a client, either of which could cost you money. They could cause an accident that hurts someone or damages your equipment. They might also leave your company to...
What are the 2 biggest risks you assume as an executor?
When you agree to serve as someone's executor, you know that you're going to have to give up a lot of your free time. It can be a thankless job, especially if the testator doesn't have enough property to actually compensate you for your work. Still, you may be happy...
Who does property maintenance when you lease a commercial space?
There are advantages that come from renting commercial real estate instead of purchasing it. There is less upfront investment required. There will also be greater opportunity to move to a different space when your needs change. Such flexibility is often crucial for...