Tenancy Agreements & Leasehold Estates
Properly classifying the leasehold estate between a landlord and tenant will govern their rights and responsibilities to each other. Further, it will determine how the tenancy will be terminated. There are four types of possessory estates: 1. Tenancy For Years Tenancy Agreement Tenancy Agreement Template The first type of possessory estate is called a tenancy […]
It is time for the UK to Officially Adopt a Constitution?
Whether the UK should import a constitution of its own has long been a subject of debate, particularly when questioning whether the benefits of a written constitution would outweigh the potential dangers of disrupting a system which has evolved over many centuries, and one which has worked considerably well. Coping Without a Constitution The UK […]
Prenuptial Agreements Enforceable?
A prenuptial agreement is a pre-marital agreement that outlines how assets would be handled and distributed in the event of divorce. A challenge that the parties may face is where the prenuptial agreement will be enforceable by a court. Notably, the enforceability of a prenuptial agreement will not only rest on whether the agreement was […]
Contract For Deed Meaning
The meaning of a contract for deed is to provide a purchaser for real property with the option of buying land without a mortgage lender. It offers a simpler and more economic method of purchasing real estate. The purchaser pays the seller monthly installments, with the deed delivered to the purchaser once all payments have […]
The Basics of an Independent Contractor Agreement for Small and Large Businesses
Outsourcing jobs or tasks to independent contractors is a common practice among small and large businesses alike to save on overhead costs and to gain easier access to expertise and tools to accomplish them. If your business is about to outsource any task to them, you will need to make and provide an independent contractor […]
Non-Disclosure Agreements – Pitfalls to Avoid and Provisions to Include
A non-disclosure agreement is also referred to as an NDA or a confidentiality agreement. In any business practice, there may be situations where you may want to share some confidential information with another party. Confidential information can include sensitive data and trade secrets. You cannot be truly confident in whom to trust, but you can […]
Month-to-Month Rental Agreement – Things to Keep in Mind
A month-to-month rental agreement is a legal document that provides more flexibility to both landlords and tenants. It is sensible for a tenant seeking temporarily accommodation without having to commit to the usual 12 month lease. The rental agreement is also practical for landlords offering short-term leases, which must include the following clauses: Penalties for […]
Confidentiality Agreement Definition
Maintaining privacy is essential to a successful business relationships. Whenever confidential information is shared with another business or employee, it is advisable to enter into a confidentiality agreement. That way, the party receiving the confidential information will understand the implications of sharing any sensitive information and will be less likely to spill trade secrets. Unilateral […]