Leases are legally binding contracts, and breaking one can have serious consequences. But sometimes, businesses have no choice but to terminate their lease agreement. If you find yourself in this situation, here are some tips on legally breaking your commercial lease without litigation.
When a party to a real estate transaction suspects or is advised that the other party will breach its terms in the future, the question arises as to whether the innocent party is excused from its obligations under the purchase and sale agreement (“APS”). The answer to this question depends on whether there has been an anticipatory repudiation of the contract. If anticipatory repudiation occurs, the innocent party is relieved of its obligations and may treat the contract as terminated. If there has not been an anticipatory repudiation, the innocent party must continue to perform its obligations under the contract.
You’ve worked hard to get where you are. You’ve put in the long hours, made the sacrifices, and achieved the professional goals you set for yourself. But now you’re faced with a decision that could change everything: should you buy a dental practice?
There’s no easy answer, and there’s a lot at stake. On the one hand, owning your own business can be very gratifying. You’ll have the freedom to set your own hours, build your own clientele, and be your own boss. On the other hand, it’s a lot of work. You’ll be responsible for all the practice’s day-to-day operations, from scheduling appointments to managing finances. And if something goes wrong, you’ll be the one who has to deal with the consequences.
You’ve been thinking about selling your business for a while now. You’re ready to move on and do something different with your life, but you’re not sure where to start or what the process will entail. You may be surprised- the legal aspects of selling a business are very complicated, and you must have the proper knowledge and expertise when navigating this process. That’s why you must consult an experienced business lawyer before making any decisions!
If you’re like most people, you may not know the difference between corporate and commercial law. While they may sound similar, these two branches of law are actually quite different. Corporate law is the branch of law that governs businesses and the formation, governance, and dissolution of corporations. Commercial law, on the other hand, governs transactions between businesses and consumers. This blog post will explore the differences between corporate and commercial law in more detail. We’ll also discuss some of the key areas of overlap between these two branches of law.