What Exactly Does a Corporate Legal Assistant Do? Corporate legal assistants are among the highly specialized support professionals employed by corporations to meet a myriad of increasing business and legal service demands. The most prominent characteristic of corporate legal assistants is the depth and breadth of their expertise in business details, knowledge of corporate law and business regulations acquired from […]
Idaho Towing Laws Explained in Plain Language
The Basics of Idaho Towing Laws Towing vehicles is a common day practice in the shipping and transportation industry. Companies depend on the towing to be timely, safe, and reliable. Truck owners and drivers also rely on the state laws to be fair and reliable. The likelihood of jurisdictions being aware of and enforcing the laws allows for a fair […]
Understanding Voluntary Move Out Agreements: An In-Depth Explanation
What is a Voluntary Move Out Agreement? A voluntary move out agreement is a mutual agreement between an owner and a tenant that allows the tenant to move out of the rental property voluntarily. In other words, the tenant can move out sooner than the end of their current lease period or their month-to-month rental period. This move out has […]
The Essential Elements of Business Separation Agreements: Industry Insights
What is a Business Separation Agreement? A business separation agreement is a legally binding contract designed to sever the business interests of the stakeholders involved. It’s often the strategy of choice when one or more stakeholders no longer wishes to participate in the managing or ownership of a business, and the parties are prepared to negotiate the price, terms, rights […]
A Complete Guide to Term Contracts
What are Term Contracts? A "term contract" is a contract that lasts for a specified length of time. "Term contracts" therefore typically include an express, specific duration such as "3 years," "2 months," or "4 weeks" (rather than an amount of days). The term of a term contract can run for any period of time.The primary purpose of term contracts […]
Understanding Washington State Easement Laws: A Complete Guide
Washington State Easement Laws Overview Easements in Washington State are defined as the limited right to make use of another person’s land in a manner that is not inconsistent with the right of the owner; an easement thus constitutes a servitude on the land which may be owned by one person over the property of another. Easements may be created […]
The Lowdown on Prepayment Contract Samples: A Full Overview
What Is a Prepayment Contract? The prepayment contract is a form of commercial contract that is used when one party wishes to prepay the other for a good, service or even loan. These types of contracts are often used in relation to product sales. They can also be used in situations involving the lending or borrowing of money, services or […]
Illegality in contracts: Concepts and implications
What does “illegality” mean in contracts? Illegality in contracts refers to the circumstance when an agreement is struck between two or more parties, the contents of which run foul with the provisions of a written law. The penalties attached to the breach of a written law would be visited on the parties to the contract, as the outcome of illegality […]
Understanding Non-Compete Agreements in South Carolina
Defining the Non-Compete Agreement Non-compete agreements are contracts between an employer and an employee that typically restrict the employee’s ability to work for a competing business following the termination of employment. In South Carolina, a non-compete agreement is only enforceable if it meets certain conditions, including that the agreement is limited by (1) duration; (2) geographical area; or (3) scope […]
Non-Competes in Illinois Explained
What is an Illinois Non-Compete Agreement? What is a non-compete agreement? In Illinois, a non-compete can be used in any contract. So while the name is used to describe a non-compete, it also can refer to agreements such as a non-solicit, non-poach or confidentiality/invention assignment. For the sake of simplicity we will focus on an employee non-compete to keep it […]