Regulation X is a federal law that is designed to protect consumers from unfair and abusive practices in the mortgage servicing industry. It was enacted in 2013 by the Consumer Financial Protection Bureau (CFPB), in response to widespread abuses in the wake of the 2008 financial crisis. The main purpose of Regulation X is to...Read More
The simple answer to this question is that an effective purchase order is an essential component to any successful business. Whether you are just starting your business or you are more experienced, it is important to review your purchase order to verify it is accomplishing your goals. What is a purchase order? A purchase order...Read More
If you have ever tried to read a lengthy contract, you know it can be overwhelming. However, if you sign a written agreement without reading it, the law assumes that you not only read it, but that you understood it and agreed to its terms. If you are considering signing a legally binding document that...Read More
When you enter into a business venture with another party, it is crucial that you draft and sign a partnership agreement. Many partners enter into business together because they are friends and they don’t think a written contract between them is necessary. However, having an agreement in place can help avoid disputes as well as...Read More
Many people believe that a contract must be in writing to be enforceable. While it is true that certain agreements are required to be in writing to be enforceable, some oral contracts are valid. How Contracts Work Contracts involving real estate, marriage, performance over multiple years and the sale of goods over $500 are required...Read More
In today’s face-paced world, handshake deals are a thing of the past. Now it is not unusual for business agreements to be outlined in 50+ page contracts. But, even with detailed written contracts, parties still break their promises. It can be even more complex if you are somewhere between a handshake deal and an executed...Read More
We have all heard that it is important to read a contract before you sign it. However, many contracts are full of legal mumbo-jumbo that doesn’t make sense even if you do read it. Yet, the law assumes that when you sign a legally binding document, you have read and understood it. As a result,...Read More
If you own a business, it is imperative that you take precautionary measures to protect it legally. In other words, you need a great business attorney and contracts that protect your best interests. There is no easy answer for what legal agreements are the most effective, because every case is different. However, there are...Read More