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Recent Blog Posts
Key Sections to Include in Vendor Contracts
The vendor contract is an inescapable part of doing business, as common as computers, timecards, and water coolers. It governs the terms agreed upon when two parties exchange goods or services for payment.
There are different types of vendor agreements governing business relationships, depending on the goods or services provided and the objectives of the agreement. An experienced Broward County, FL business contract negotiation attorney can help businesses draft strong vendor agreements.
What Are Common Vendor Agreements?
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Master Services Agreement (MSA)
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Statement of Work (SOW)
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Purchase Order (PO)
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Non-Disclosure Agreement (NDA)
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Service Level Agreement (SLA)
Common Florida Business Disputes
Disputes come with the territory in the business world, but when those disputes involve legal issues and cannot be resolved amicably, they can escalate into legal action. Legal disputes come up in many business contexts, whether between business partners, shareholders, buyers, and sellers or between a business and its clients. That is why it is crucial to consult with an experienced Fort Lauderdale, FL business law attorney who can provide advice on preventing and resolving business disputes.
Partnership Disputes
Business partners can have differing perspectives on business decisions, such as about the direction of the business or whether to expand. When those disagreements cannot be resolved, that can spell trouble. Sometimes partnership disputes occur when a partner is accused of intentionally misappropriating funds for their own personal use. Disputes about partner compensation may also arise when partners disagree on how a company’s profits should be distributed between partners, or if the partners have different ideas about how much compensation they should receive.
Top Benefits of An Outside General Counsel
Running a business is always challenging, made more so by the many legal issues that may come up. As your business grows, your exposure to legal risk and the need for legal counsel will only grow with it. By hiring an outside general counsel, your business can benefit from the advice of someone who knows both the law and your business well. An outside counsel can help you identify legal issues, lessen risks, and build a successful legal strategy. A Fort Lauderdale, FL attorney can serve as outside general counsel for your company.
Why Hire an Outside General Counsel?
An outside general counsel can handle the legal needs of a small or medium-sized company and identify legal issues before they grow into problems by doing the following:
Compliance
Top Reasons To Get Title Insurance
As exciting as purchasing real estate can be, it can also be stressful. In addition to the financial output, there are significant legal hurdles to cross before closing. A property’s title represents ownership of a property, and one of the legal issues that must be addressed involves ensuring that there are no defects with a property’s title.
That is where title insurance can be incredibly valuable. Title insurance protects homebuyers from financial losses if there is a defect in the title. A Fort Lauderdale, FL attorney can help you obtain title insurance and tackle any title defects that arise.
How Does Title Insurance Work?
Getting title insurance protects you against any issues with the property’s title that existed before you purchased the insurance policy. Unlike other types of insurance, you make a one-time payment for title insurance. If you later find yourself in a title dispute, title insurance can provide you with a legal defense. Some of the types of defects covered by title insurance include:
Legal Considerations for Florida Businesses Expanding Internationally
Businesses that wish to expand their operations or customers internationally face unique legal and compliance challenges. Alongside the business preparations for international expansion, companies should ensure that they take into account the legal requirements needed to operate abroad. An experienced Broward County business law attorney can discuss the legal implications of an international business expansion and help businesses prepare for this exciting step.
Legal Operations and Corporate Structure
The first thing you should do when seeking to expand internationally is ensure that you comply with basic corporate requirements. If you are only making sales in another country, you may not need to think about setting up legal operations to comply with that country’s laws. If you are seeking to expand beyond that, however, you should consider the proper corporate structure for operating in that country.
What to Know When Negotiating Construction Loans
In big news for the South Florida real estate market, real estate heavyweights Related Group and Dezer Development secured a $307 million construction loan, which will be used to finance a new 92-unit oceanfront development. The real estate developers secured the loan from an affiliate of New York’s Apollo Global Management.
Rosewood Residences, as the project will be called, is nearly 50 percent presold. The developers secured city approval to build the project shortly after receiving the loan.
For commercial construction development projects such as this in South Florida, one of the crucial steps is negotiating and obtaining the construction loan, whether from a bank or a private lender. An experienced construction project financing attorney can assist you in negotiating a construction loan to finance your development project.
When to Choose Debt vs Equity Financing for a Business Venture
Whether just starting out or seeking growth, businesses may from time to time need to raise capital. To do so, companies will turn to one of two financing sources, both with their advantages and disadvantages: debt and equity financing. A qualified business attorney can represent businesses seeking debt or equity financing.
What Is the Difference Between Debt and Equity Financing?
In debt financing, a business takes on loans to finance its operations and must repay the debt. Equity financing refers to raising money by exchanging ownership shares. There is no repayment obligation with equity financing.
What Factors Influence Whether to Choose Debt or Equity Financing?
When thinking about whether debt or equity financing is the right choice for your company, you will need to consider factors including your company’s:
Common Condominium Homeowners Association Disputes
Owning a Florida condo as either a residence or investment property can be a great personal and financial decision. While the homeowner’s association (HOA) keeps condominiums running smoothly, tenants and owners are also subject to the HOA’s rules and regulations, as well as to Florida condominium association law. Even in the best-run condominiums disputes can sometimes arise, and an attorney experienced in the Florida Condominium Act can provide advice on common HOA disputes.
Financial Impropriety
Disputes about financial impropriety relate to concerns that the HOA improperly commingled funds, mishandled money earmarked for repairs, or engaged in fraudulent behavior. Financial mismanagement is a serious issue that can negatively affect condo residents.
A Landlord’s Guide to Hurricane Damage
If you live in Florida, you know that as wonderful as it is to live in paradise, hurricanes are a significant and often costly downside. The 2024 Atlantic hurricane season so far has brought 17 named storms, including 11 hurricanes total and five major hurricanes. Hurricanes Milton and Helene caused significant damage in Florida.
Landlords in Florida are particularly vulnerable to the property damage and financial issues with tenants that hurricanes can cause. Considering this ongoing threat to Florida landlord property, your Florida real estate attorney can advise you on your rights as a landlord after a hurricane hits.
Preparing for a Hurricane
The old saying that an ounce of prevention is worth a pound of cure is as true as ever when it comes to preparing for hurricane season as a Florida landlord. Some things to keep in mind as you prepare your property for hurricane season, particularly as you draft or review your lease, are to:
Estate Planning for Multinational Residents
Florida is home to a large community of international individuals and families who often have assets abroad. Likewise, expats living outside the United States often have both financial and personal ties to the country. International investors and residents in Florida should consider estate planning with Florida state laws in mind. For these global and international families, there are special legal, personal, and financial considerations to take into account when making their estate plans.
Failure to take into account international estate planning considerations could lead to negative consequences, such as assets going to the wrong beneficiary and unnecessary taxes. Multinational residents should speak to an international attorney with experience working on cross-border issues when crafting an estate plan.
There are a number of scenarios where international estate planning issues arise, including:
