April, 2019 Archives

Archives for April 2019

Entering Into a Contractual Business Relationship: Covering Your Bases

When entering into a contractual business relationship, careful consideration, clear communication, and planning ahead can prevent legal disputes down the road. Successful contracts avoid complicated legalese, provide specific terms, and describe the method and manner of payment expected. The circumstances under which the contract can be terminated should also be addressed. Elements of a Legally-Binding Contract Contracts can be verbal or written. It is advisable for business contracts to be … [Read more...]

Understanding the Difference Between a Durable and a Springing Power of Attorney

A significant division exists between springing and durable power of attorney and it is important to understand how these differences may impact a person's financial and medical decisions in the future. A durable power of attorney takes effect the moment that it is signed. This is useful in ensuring that authority is clearly vested. Conversely, a springing power of attorney takes effect when the grantor is incapacitated. Springing powers of attorney reserve more authority for the grantor but at … [Read more...]

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