While navigating through the pandemic caused by the novel Coronavirus, many businesses faced situations that may excuse or delay their obligations to perform under existing contracts due to the occurrence of a Force Majeure event. What is Force Majeure? A Force...
Contract Law
Succession Planning for Your Nevada Business
A properly written succession plan will help reduce headaches, cost, and drama. As the impact of an owner-exit grows, so does the need for a well-written succession plan.
Ending Business Partnerships in Nevada
Like any end to a relationship, ending a business partnership can be difficult and complicated. Without the proper legal structure set in place, this can turn into a huge burden on top of an already challenging situation. You’ll want to make sure this final...
Corporate Minutes in Nevada
Creating and maintaining records is an important part of following proper corporate formalities. Corporations and LLCs must file Articles of Incorporation or Articles of Organization with the Nevada Secretary of State and maintain all records, minutes, etc., as required by law. One of the key reasons to regularly maintain corporate minutes is to ensure the corporation follows proper and ethical procedures in accordance with your organization’s bylaws.
What To Know About Assembly Bill 47 and Non-Compete Agreements in Nevada
The Nevada Governor recently signed Assembly Bill 47, which amends Nevada’s statute governing noncompetition agreements (NRS 613.195). Employers should be aware of the changes to the law, especially those with noncompete agreements, which will go into effect on October 1, 2021.
Nevada Business Reinstatements
You just found out that your Nevada entity is in default, revoked, or permanently revoked. How do you get your business back in good standing with the Secretary of State? To check your entity’s status with the Secretary of State, you may…
Protecting Your Home’s Equity with A Homestead
Nevada homeowners should embrace the protections Nevada Homestead Law offers and protect their equity. The Nevada Homestead Law is designed to protect homeowners from entirely losing the equity of their homes. Generally, a homeowner may claim homestead protection for...
Force Majeure Clause
Force Majeure ClauseNavigating through the pandemic caused by the novel Coronavirus, many businesses are facing situations that may excuse or delay their obligations to perform under existing contracts due to the occurrence of a Force Majeure event.What is Force...
Small Business Legal Strategy for Coronavirus
As the calamity continues to change and governments around the world organize to solve the immediate threat, the long-term strategic impacts of COVID-19 also require analysis and strategic planning. All businesses, regardless of size, should prepare for the long-term...
Why Your Contract Needs a Contingency Provision
There are many reasons why you or your company should consider adding a contingency clause or provision in you contracts. These provisions can be easily overlooked before entering into a binding agreement. However, it should garner more importance since it can be used...
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