What is a Commercial Lease Agreement?

A Commercial Lease Agreement is a type of lease designed to be used when leasing property used primarily for a business.  This type of lease also covers items such as security deposits, taxes, expenses, obligations for repairs, construction of the premises to be leased and more. This type of lease is also sometimes called Business Lease. Definition of… Read More »

What is a Copyright Registration?

A Copyright Registration is the process that protects the author of an original work and gives them exclusive rights to their work and prevents others from using the work without permission. It makes the copyright claim public. Although actual registration is not required, a registration with the copyright office might be required before the holder of the copyright… Read More »

What is an Invoice?

An Invoice is a form given to a buyer by a seller which indicates the product or services, quantity and price for the product or service provided by the seller to the buyer. The invoice will also indicate when the payment is due and what the terms of payment are. Definition of Invoice .

What is a Mechanic’s Lien?

A Mechanic’s Lien, which sometimes is referred to as a Supplier’s Lien or Construction Lien, is a document that will assist suppliers, laborers contractors and subcontractors to collect wages and monies due to them for labor, materials and professional services provided in connection with work on an owners real or even personal property. The Mechanic’s Lien is in… Read More »

What is a Non-Compete Agreement?

A Non-Compete Agreement, sometimes also called a non compete clause, is an agreement between two parties under which one of the parties receives consideration and agrees not to compete with the other party in a certain business, for a certain period of time and/or in a certain geographic area. Usually a non-compete agreement is entered between an employer… Read More »

What is an Operating Agreement?

An Operating Agreement is a contract among members of a limited liability company (commonly known as an LLC) governing the membership, management, rights, duties, operation, capital contributions, voting rights, transfer of interest, dissolution and distribution of income of the company. Operating Agreement are similar to a corporation’s bylaws. Definition of Operating Agreement.