What Is a Bond?
A bond represents a loan made by an investor to a borrower and can be thought of like an IOU (according to Investor.gov). When you purchase a bond, you are lending money to the entity selling it – usually a corporation…
Category Construction Litigation
Running a Construction Business: Why Written Communication Is Essential
Careful Documentation Matters in the Construction Business Obviously, the written content contained in commercial contracts is essential to how you run your business. However, in many cases, construction contracts are made orally. Based on any reasonable assessment, an agreement made…
Do I Need an Attorney to Form a Commercial Contract?
Why Legal Validity Is Essential to Construction Contracts Contracts play a central role in the construction industry. A legitimate, correctly-formulated contract can provide clarity when business disputes arise or when another party fails to uphold their end of a deal.…
Tips for Filing a Claim on Breaches of Construction Contracts
The construction world is heavily dependent on contracts in order to ensure contractors are legally protected in the event of a potential loss. These contracts serve as agreements between the parties that are involved in a construction project, legally binding…
Ways Owners Can Cut Construction Costs & Reduce Risks
As an owner, you are likely feeling an onslaught of stress and pressure at the prospect of completing a construction project. Construction is notoriously time-consuming, expensive, and potentially hazardous. It’s no surprise many owners are concerned about evaluating any present…
Frequently Asked Questions About Contract Formation in Commercial Law
Commercial industries, construction firms, and other forms of corporations or business entities are regulated and largely organized by contracts of various types. Since a contract needs to be thorough and should be drafted to be legally sound, most are intricate,…
Do I Need an Attorney to File a Construction Lien?
A construction lien is a claim against a property made by a contractor who has supplied materials or labor for work on said property. Construction liens are intended to give builders, contractors, and suppliers, legal recourse to get paid for…
Construction Litigation Process: What to Expect
Conflicts in business can lead to serious complications, especially since the longer a disagreement goes on, the more money is lost. Construction litigation often involves home buyers, contractors, builders, developers, and construction insurers and lenders who have issues during construction.…