Contracts containing a force majeure clause may protect a business owner's interests if he or she experiences an unpredictable natural disaster. As described by the American Bar Association, a commercial lease may also contain terms describing how a natural force such...
Month: April 2021
When does risk of loss pass to the buyer of real estate?
By the time you’re ready to sign the sales contract for the purchase of property, you’ve already gone through a lot of preparation. You’ve inspected the property, negotiated a price, secured financing and set a closing date. After such a huge investment, it’s good for...
Handling a lawsuit over allegations of harassment
As a business owner, getting sued is likely one of your worst nightmares. If you run a large firm, litigation can have a negative impact on your business in many ways. Aside from the financial consequences of legal action, litigation can create problems with regard to...
