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A Joint Venture Agreement allows two or more entities to combine to do business without the formality and commitment involved in forming a partnership or other similar entity. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one [...]

A Standstill Agreement is an agreement between two business entities that are contemplating entering into a transaction together and desiring to prevent one another from negotiating a similar transaction with a third party during the period of negotiations.  For example, in negotiations for a merger or acquisition, the target and the purchaser may enter into an agreement where [...]

Do all employees need to have Employment Agreements? It is not a legal requirement that employees have written agreements with their employers spelling out the terms of their employment. However, it can often be sound business practice, both for employer and employee, to have a written Employment Agreement, spelling out the terms and conditions of employment.

What is a limited liability company? A limited liability company is a hybrid legal entity, with elements of the structure of both corporations and of partnerships. Its organization is similar to a corporation, but it enjoys many of the operational and tax benefits of partnerships.

While the limited liability company is a relatively new type of legal entity (first recognized in the U.S. in 1977), all 50 states and the District of Columbia have now passed legislation authorizing the creation of LLC’s.

What is a trust?
A trust is a legal construct used for holding, transferring or otherwise disposing or property. It consists of assets given to it by a Grantor (the person who creates the trust) which are managed and distributed by a Trustee to benefit one or more Beneficiaries (those persons or organizations who will receive property under the trust).

What is a lease?
A lease is an arrangement by which a lessor agrees to grant a lessee the possession and use of a particular piece of property for a specified period of time. The Lease Agreement between lessor and lessee will contain the terms of this arrangement, including the amount of rent and/or security deposit to be paid by the lessee, a description of the property being leased, the duration of the lease period, and the rights of the lessee to assign the lease or to sublease the property.

A Quitclaim Deed is used to tranfer an interest in real estate. It does not include any promise or guarantee by the person who is making it (called “Grantor”) regarding the quality or nature of that interest, or even if any interest exists at all. In effect a quitclain deed makes no warranties or guarantees as [...]

That’s actually a pretty easy answer. A Power of Attorney allows a person (called the “Grantor” or “Principal”) to authorize another person (referred to as “Agent” or “Attorney-in-fact”) to act on his or her behalf in different situations such as a a legal or business matter. There are different types of Power of Attorney forms. [...]

A General Warranty Deed is a type of deed used to convey an interest in real estate by a seller who guarantees that the title conveyed is good and its transfer rightful. The guarantee made in the deed is not limited to the time the grantor owned the property, but will extends back to the [...]

Letters of Recommendation are letters where a writer describes the capabilities and qualities of an individual that is being recommended for a job, for school or other situation. Generally they are addressed to a particular entity making the request. Some types of Rrecommendation Letters include: Recommendations for Academic Programs, Scholarship Letters of Recommendation and naturally Recommendation [...]