– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
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A nonfungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs on the blockchain (a secure, decentralized, and cryptography-backed online ledger) and provides proof of ownership of virtual collectibles. That explanation...
Whatever kind of business you are in, chances are you have some interaction with a state agency. Whether it is the Department of Labor and Industry, the Department of Human Services, or the Department of Health, there is somebody whose job it is to decide whether your business is doing...
Every year on the Fourth of July, Americans across the country celebrate our nation’s declaration of independence from Great Britain. Yet only about one-third of Americans have an estate plan—meaning that most Americans have given up their independence when it comes to deciding what will happen to them should they...
Most homebuyers look for properties that only require minor touch ups, if anything. While move in ready properties are attractive to the masses, they are the exact opposite of a house flipper’s dream property. When the market is high, or cost prohibitive for a young first time homebuyer, flipping is...
In response to growing inflation and other economic pressures, the Federal Reserve recently raised its key benchmark interest rate by 75-basis points, the largest single increase since 1994. This has predictably increased mortgage rates from 3.0% in October 2021 to upwards of 6.5% today (a 3.5% increase in approximately 8...
A purchase price escalation clause provides that an offer to buy real estate will automatically increase to exceed any other offer by a certain amount (see examples below). An escalation clause may be an effective way to make the highest bid; however, an escalation clause should be used only in...
The Copyright Claims Board (CCB) is a tribunal within the Copyright Office that will hear copyright disputes involving claims up to $30,000. Created by the Copyright Alternative in Small-Claims Enforcement (CASE) Act of 2020, the CCB was envisioned as an alternative to federal court, and makes copyright proceedings accessible to...
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The real estate market has been especially active over the last two decades. At several points in the market cycle, there has been very little inventory of homes for sale. Many taxpayers think their home cannot be sold if the government has a tax lien against it. This is just...
Inflation and the increased cost of doing business are taking the nation by storm – and felt across industries. Supply chain issues and labor shortages are causing projects to run longer and at a higher cost than expected. If contractors fail to include certain escalation provisions in their contracts, they...
Maybe your mail carrier has a penchant for rifling through your company’s mail and took the plaintiff’s complaint, or it fell through the cracks to the center of the earth, or the whole situation is a tragic misunderstanding. But one way or another, somehow or another, you didn’t respond to...