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A partition action is a legal process used when two or more individuals co-own real estate and can no longer agree on how to manage or divide their shared property. In California, this approach to seeking legal remedy to such a dispute commonly arises when family...
A commercial lease generally involves a long-term commitment. Most standard commercial leases last for at least two years, if not longer. The language included in standard commercial leases usually makes a tenant responsible for rent amounts even if the business fails...
Running a manufacturing company can be a very lucrative business model. Consumers and other businesses constantly require goods and materials. Manufacturers who tap into an appropriate customer base can generate regular streams of revenue. Of course, the profitability...
A breach of contract can negatively affect an organization in a variety of ways. A construction company failing to begin a project on schedule or complete it according to the proposed timeline can lead to major operational setbacks. A vendor refusing to deliver...
The acquisition of real property is a major investment. Whether an individual or business acquires residential property or commercial real estate, preserving the property is usually a top priority. A portion of the parcel the buyer acquired could be at risk in a...
Every new commercial lease comes with a degree of risk. Landlords often gamble on an entrepreneur's idea when allowing them to take possession of a commercial space. Most commercial leases last for multiple years, but there is never a guarantee that the business...
Commercial real estate can be a source of regular revenue for the businesses that own such properties. Tenants that rent retail facilities, office space or industrial locations often commit to multi-year leases and either pay for maintenance or manage facility repairs...
Property owners hire contractors with the expectation that they’ll take care of a project in a professional manner. Most projects are completed without any issues, but there are times when construction defects may plague the process and vision of interested parties....
Business owners and executives often have to make difficult choices about harm reduction and risk mitigation. They need to address likely risks for the organization while simultaneously keeping costs to operate the company low. Professionals often have to balance the...
Starting a partnership requires each owner to protect themselves while they simultaneously focus on the broader interests of the company. One way to do this is to have a comprehensive operating agreement in place for the business, ideally before it becomes...