Blog Posts in November, 2015

Can You Repudiate a Contract Via Email?

Business agreements are often complicated documents involving a healthy dose of legal language. While such complexity may seem unnecessary, a well-drafted contract provides important protections for all parties involved. This includes provisions for terminating a contract, should problems arise. Unfortunately, misunderstandings can arise even when there is a written contract in place, and this can ...

Oral Partnership Agreements Can Lead to Problems

Many people form partnerships to invest in other businesses. Such investment partnerships may include family and friends. While you may be tempted to rely on a handshake or familial goodwill in such circumstances, it is always advisable to get a partnership agreement in writing. Among other reasons, a written agreement can specify the process for winding up the partnership in the event anyone ...

Dealing With Mortgage Lenders who Engage in Unfair Business Practices

If you are taking out a mortgage to finance a real estate purchase , it is always a good idea to work with an attorney, in part to protect yourself against potentially predatory lending practices such as excessive fees or hidden payments that can cost you thousands of dollars. Many buyers lack experience with real estate laws, making them susceptible to such practices. But even sophisticated ...

How Long Does a Contract Last?

As a general rule, a contract may be terminated by either party unless they agree to a definite term. For example, if John Doe agrees to pay Jane Smith $500 per week for consulting services, this arrangement may continue indefinitely until either side decides to cancel the arrangement. However, if the contract states John Doe agrees to pay Jane Smith $500 per week for a period of six months, and ...