Escrow
Most think of escrow in the sense of purchasing a home: you deposit earnest money with the title company; that money is held in escrow while you inspect the home; and at closing, the purchase price of the home is reduced by the sum held in escrow. Yet, escrow has other benefits in today’s world. […]
Components of a good contract
Business-to-business agreements should be in writing (personal agreements with friends and relatives also fall in the “put it in writing” category). If the contract touches a matter of any significance at all, then best to include all these components: The Parties Description of the goods or services to be procured Delivery/Performance Price and Payment Length […]
Put Your Agreements In Writing
Business-to-business agreements should be in writing (personal agreements with friends and relatives also fall in the “put it in writing” category). If the contract touches a matter of any significance at all, then best to include all these components: The Parties Description of the goods or services to be procured Delivery/Performance Price and Payment Length […]
A Deal Is A Deal
I have conversations with the indebted, (i.e. businesses and persons that are in default on a financial obligation) on a daily basis. They welched on a deal, and are often looking for a way out. Call me old fashioned (or naïve), but when you enter into an agreement and the other party has lived up […]
What is a “confession of judgment clause?”
Suppose that your customer owes you $50,000. Further suppose that your good friend the oil and gas well lien cannot help you since the debt is 12 months old. In order to avoid a breach of contract lawsuit, the debtor agrees to sign a promissory note, which provides for regular monthly payments on the principal […]
