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Hi Samantha, thank you for the kind words. And Im glad that our website has been so helpful. Before getting into the Manager-managed vs. Member-managed topic, let me just add a note regarding being the LLC Organizer and keep your documentation in order. Because you are the one forming the LLC for your son, you…

a fictional contract created by a court to which a person is legally bound as if there were a real contract an agreement to do something if someone else does something Ronald Reagan approved the agreement and the USTR reviewed Korean practices through the end of his term. Who would not have concluded such an…

Chinas pandemic stimulus package will reach upwards of CNY four trillion (USD 565 billion) over 2020, approximately 4.5% of the countrys GDP, with figures expected to reach up to CNY 17.5 trillion by 2025 to support its New Infrastructure Plan. The recovery package is a clear display of Chinas dedication to its existing leading industry…

Most mineral rights disputes arise during the development period. Thus, an investor should also know if the landowner is litigious. Do they have a history of conflicts with mineral rights owners, and what is the nature of those disputes? Mineral rights are applied differently to sedentary (hardrock) and fluid (oil, gas, geothermal) minerals. To define…

Exclusive right-to-represent contracts are the most common buyer-broker agreement. Just like the others, it will outline what the agent will do for you, the buyer, and It will describe the buyers obligations. They may have to pay the commission detailed in the agreement, but if the seller agrees to pay the commission, the buyer will…

A collateral agreement doesnt necessarily name a specific number as a payment that will be given, either to a broker or the government. Rather, collateral agreements are utilized as a part of other contracts that refer to funds in addition to a particular sum set out on account of the IRS, and the collateral agreement…

A tender process in SKI results in a framework agreement that specifies which goods or services are for sale and the conditions and prices involved. By using a framework agreement from SKI, a public organisation can order its goods or services and be certain that requirements stipulated by the EU directives have been met. Hence,…

Oliver Wendell Holmes wrote in 1897 that a meeting of minds was really a fiction. an agreement … founded upon a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, their tacit understanding. Sir Frederick…

The trick to check for subject-verb disagreement is to identify the verb in a sentence. The verb in the sentence will help you find the subject, which will tell you if you have the correct form of the verb. The verb is most easily identified as a word that can come directly after the pronouns…

When a tenant continues the rental payments, and the landlord accepts it even after the expiration of the lease, the renter becomes an at-will tenant. Most of the time, the landlord would ask for advance notice from the tenant before he vacated the property. Once the tenant submits this notice, the landlord cannot evict him…