What Is a Merchant Cash Advance? The basic idea behind a merchant cash advance agreement is that the lender is literally purchasing the right to some of the borrower’s merchant credit card or debit card receipts in exchange for an upfront payment to the borrower. The agreement typically contemplates an agreed upon "buyback" if and […]
Defining an S Corporation An S Corporation is a corporation formed under state law (totaling 50 States) that has elected to be taxed as a pass-through entity. The corporation agrees to internal rules and regulations which are contained in its By-Laws and it has a reason for its existence, which is to provide a return […]
What Perjury Means Legally When we talk about perjury, we should be clear that this is a legal term. It can be used informally to express a belief that someone has lied or been dishonest in civil court, but from a perspective of legal action, it is a specific action with specific standards to obtain […]
What is a Mutual Lease Termination Agreement? A mutual lease termination agreement is just that: a mutual agreement between both the landlord and tenant to terminate the lease. By executing a mutual lease termination agreement, the tenant is able to end the lease prior to the lease expiration date agreed upon, without any potential negative […]
A Guide to Florida Service Charge Laws The Florida Service Charge Laws exist to clarify and establish an understanding between consumers and those who provide them goods or services. In essence, the laws serve to regulate and prevent false advertising expectations from business establishments that charge and collect a "service charge." Florida’s service charge laws […]
What is a Severance Agreement A severance agreement is basically an agreement between an employer and employee which essentially says that the employee waives any and all claims against the employer in exchange for some sort of compensation (typically money). It’s important to note that not every employer provides severance agreements, though many do, so […]
An Overview of Buy-Sell Agreements Depending on the size of a business, the purposes and uses of a buy-sell agreement can be very different; however the goal is the same in any case – to avoid the unplanned, such as when circumstances change unexpectedly, and create as smooth an ownership transition as possible. Simply stated, […]
When to Sue Your Auto Insurer One of the most common situations that lead a policyholder to consider suing their auto insurance company is a denial of coverage. A good example of this is when a claim is based on a defect in the automobile that should be covered under the policy. If the policyholder’s […]
The Purpose and Importance of Legal Aid So what is legal aid, and why is it so valuable for those unable to meet the costs of private counsel? Legal aid is government-subsidized financial assistance for legal advice, mediation, and representation through the courts. In the absence of these subsidies, many would be unable to afford […]
The Role of an Administrative Law Attorney Finding the Right Administrative Law Attorney Near You: A Comprehensive GuideA limited definition of administrative law serves to provide a clear understanding of what it actually is. It encompasses the body of law involved in regulating federal and state government agencies. In more practical terms, it’s the choice […]