Prenuptial Agreements Explained Prenuptial agreements are contracts that are entered into before marriage. Such agreements typically set forth the rights and obligations of the parties in the event of the dissolution of their marriage. They can be very simple or incredibly complex depending on the needs of the couple. Prenups can set forth how property is to be divided, whether …
What is a Borrowed Vehicle Agreement? A borrowed vehicle agreement is a written document that states the terms agreed to by the automobile loaner and the borrower before handing over a car. The agreement usually contains a list of dates and times the car will be in the possession of the borrower, as well as how far the car can …
Decoding Profitability Metrics Profitability metrics are a set of measures that law firms use to track their financial health and performance. These metrics go beyond the traditional bottom line numbers and provide insights into various areas of a law firm’s operations. Law firms use these metrics to make smart business decisions, understand their financial strengths and weaknesses, and assess their …
The IBEW Local 11 Explained Established in 1891, the International Brotherhood of Electrical Workers (IBEW) represents electrical workers throughout the United States and Canada, with the mission of advancing the skills and training of electrical workers while also reinforcing good labor management relations. The purpose of the organization is to protect and promote the rights of electrical workers, making the …
Clarify Your Law Firm’s Purpose and Direction In the crucible of a new law firm, it is critical for the founders to establish a clear vision and mission. This is crucial so that each member of your new law firm understands where your firm is going, and how you plan to get there. In fact, a clear understanding of your …
What Is a Law Firm Partnership Agreement? A law firm partnership agreement is the legal contract that defines the relationship among the partners of a law firm. At its core, this foundational document sets forth how the firm will be run, responsibilities of each partner, and how profits are to be divided.Typically called just a partnership agreement, it is extremely …
What is a Property Management Contract? A property management agreement is a legally binding contract between a property owner and a property management company or individual who agrees to take on the responsibility of managing the property. The agreement is usually set for a specific length of time, but can usually be terminated by the property owner with proper notification, …
Factors Affecting Lemon Law Attorney Fees Not All Lemon Law Attorneys’ Fees are Created EqualJust as each lemon is different, so too are the fees different for each lemon law attorney. When it comes to the fine print about fees, most practitioners have terms in their retainer agreements that signify they will seek reimbursement for fees and costs from the …
All About Non-Solicitation Agreements Non-solicitation agreements are not contracts that only large companies use. Rather, they are increasingly in use by a wide variety of employers. Indeed, some jurisdictions, such as New York, have a statute requiring such agreements for employers with administrative exemptions under the Fair Labor Standards Act. These agreements are designed to protect against the potential of …
Is Common Law Marriage Valid in Kentucky? The short answer to the question of whether Kentucky recognizes common law marriage is unequivocally, "no." Yet, the answer is a bit more complicated than that. Historically, Kentucky recognized common law marriage. Many old Kentucky divorce cases discuss common law marriage. That remains true today. For example, in 1940, the Kentucky Court of …
