It should be apparent to anyone who travels or follows the news that different states have different laws. Participants in a transaction or contract can actually outline which state’s law will apply to disputes that arise over their agreement.
Spring and summer boast weather that is much more conducive to bicycling. It’s a good time to get a refresher on the laws surrounding their use, whether you plan on using them for transportation or will just be sharing the road with cyclers.
Trusts can be thought of as contracts. They allow people to impose rules on inheritances, minimizing or eliminating estate taxes, if necessary. The “trustee” of the trust can distribute the property owned.
In the legal world, facts are subject to a high level of scrutiny. When facts are important to a case, they will be disputed. The law is subject to interpretation as decided by judges, and in criminal cases and most lawsuits, juries decide the facts.
Choosing a business name is a seemingly simple yet vital decision. The name must be “legally distinguishable,” as determined through a variety of rules and overseen in Ohio by the Ohio Secretary of State. Sometimes, additional trade names are necessary for a business.
In 2013, a decision over genetically modified organisms, known as “GMO,” caused a significant decrease in the price of corn in America’s markets. Two varieties of genetically modified seed corn created by the company Syngenta led to a stoppage on all U.S. corn exports to China, one of the biggest buyers of American farm crops.
Most of us will not know if or when we may need long-term care. Protecting family financial legacies while receiving Medicaid is complex.
Many landlords and tenants could benefit from better farmland leases. Sometimes, the seemingly simple act of defining each party may be more complex than one assumes.
More complicated agreements such as “hybrid leases,” which contain elements of cash rent and crop-share, rely on formulating payments based on yield and crop prices. Other basic items such as lease duration or payment schedule could create pitfalls if both parties have not clearly established them. A good farmland lease will address these concerns, among others.
Adding owners to a business venture will almost always require considerations beyond just legal ownership. A variety of “non-legal” issues may include time allocation, value of each individual’s work and other relationships.
It is important to evaluate these considerations and effectively work the “non-legal” aspects into the business documents. This includes updating an entity’s operational requirements, adopting a new resolution, updating bills of sale and more.
Our legal system’s so-called “American Rule” holds that attorneys’ fees for the winning party in a lawsuit are not paid by the losing party, except in a few specific instances.