When you and your business partner talk about risk, you’re probably thinking about the risks you decide to take with the company -- changing your focus, reaching out to a new audience, taking on more debt and so on. But what if your risk comes from your business...
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Do you need a force majeure clause in your commercial lease?
Signing any lease means making a major financial commitment to a landlord, but commercial leases often have many longer-lasting consequences than residential leases. First of all, rent for a commercial space is almost always higher than rent for a comparably-sized...
What types of sibling disputes most commonly result in probate litigation?
If you have a sibling, then it's unlikely that things were always smooth sailing growing up. You likely fought from time to time, whether it was about who would get to sit in the front seat in the car or who did what chores. Conflicts between siblings don't end in...
Understanding the reasons people place assets in a blind trust
Many people associate blind trusts with elected officials who want to assure constituents that their decisions aren’t being made to enrich themselves or their families or that there’s any real or perceived conflict of interest. An independent third-party trustee,...
What tasks must an estate executor complete in Mississippi?
Your best friend has recently asked you to fill the role of estate executor after he or she dies. You want to help and are committed to the role, but you are also a little afraid of the responsibility. In a best-case scenario, friends who ask others to become their...
Preparing for an environmental audit: 5 tips to keep you on track
In today’s business world, environmental audits are a key part of governmental compliance efforts in many industries. You cannot prepare for an environmental audit at the last minute. You need to have a plan in place from the very start of your operations. Ways to...
Why you need to avoid ambiguities in your estate plan
Often, people believe their estate planning needs are simple and don’t require getting an attorney involved. It’s certainly easy to find do-it-yourself estate planning documents online. However, every estate plan (even a simple will) needs to be as unique as the...
Potential reasons for a breach of contract
When someone signs a contract with your business, you and they are both legally obligated to adhere to that contract. Failing to do so is a breach of that obligation and can lead to legal action. Now, there are several common reasons a contract can be broken -- and...
What is a party fence?
When you hear that the commercial property you are hoping to buy has a "party fence," it might sound attractive. After all, what could be nicer than having sociable neighbors, right? The truth is a party fence can be a real headache. It could be the reason you fall...
Use and exclusive use: Two majorly important clauses in a commercial lease
Negotiating a commercial lease is nothing like negotiating a residential one. There are laws in place that are designed to protect the ordinary consumer, but the commercial renter is pretty much on their own to spot a bad deal when they see one. With that in mind,...