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Recent Blog Posts
Non-Compete Agreements in Florida: Are They Enforceable?
Non-compete agreements are commonly used by businesses to protect trade secrets, limit unfair competition, and retain clients. Like most business agreements, not all non-compete agreements are created equal, and not all are enforceable under Florida law (2018 Title XXXIII, Section 542.335).
As a business employer drafting a non-compete agreement, understanding the specific legal requirements that make these contracts valid is crucial. Consulting with a knowledgeable Oakland Park, FL business law attorney can ensure that your non-compete agreements perform as intended, while remaining legal and enforceable.
What is a Non-Compete Agreement?
As a legal agreement or clause in an employee’s contract, a non-compete specifies that the employee may not compete with the employer or reveal proprietary information or secrets, once his or her employment period has ended. Some non-compete agreements specify a certain period during which the employee may not work for a competitor of the business after his or her employment ends.
When You Can Back Out of a Real Estate Purchase Agreement?
A real estate purchase agreement is a legally binding contract. Once signed, both the buyer and seller are generally expected to carry through with the sale. However, there are certain situations in which one party can back out without facing legal or financial penalties. These exceptions are typically tied to specific conditions in the contract and must be carefully followed to avoid breach. An experienced Fort Lauderdale, FL real estate attorney can advise you on your right to withdraw from a real estate purchase agreement.
Under What Circumstances Can a Buyer or Seller Withdraw From a Real Estate Purchase Agreement?
Buyer’s Right to Cancel Under Certain Contingencies
How Does an LLC Protect Member Assets?
A limited liability company (LLC) is a legal business structure that combines the flexibility of a partnership with the liability protection of a corporation. It is a popular choice for small business owners because of its relative ease of setup and maintenance while it still offers important legal protections.
If you are starting a business or already running one, you may have heard that forming an LLC can help protect your personal assets. But what you may not know is what that really means or how LLCs help protect your assets and shield your personal property from business-related risks in practice. An Oakland Park, FL business attorney can advise you on whether the LLC business structure is right for your venture.
Tips for International Investors In Florida Real Estate
International buyers invested 3.1 billion dollars in South Florida real estate last year, and Florida continues to be an attractive option for investors from Latin America, the United Kingdom, and beyond. While purchasing real estate in South Florida can be a good investment for domestic and international buyers, it has its complexities. Investors should be aware of unique considerations as they navigate the real estate landscape. An experienced Fort Lauderdale, FL real estate attorney can help foreign buyers plan their purchase carefully and provide legal guidance to ensure legal issues do not derail a good investment.
Legal Considerations For Foreign Investors Buying South Florida Real Estate
Financing Considerations
While there are no restrictions on real estate ownership by foreign buyers, international buyers often face more stringent lending requirements than domestic purchasers. U.S. lenders typically require larger down payments from foreign nationals and may demand extensive documentation of income and assets from overseas sources. Foreign investors can sidestep these issues by securing financing in their home country or paying cash, which can strengthen their position in competitive markets.
Understanding the Mergers & Acquisitions Process
Organizations often seek to grow or expand their clientele or product base through mergers and acquisitions (M&A). Each M&A is unique and the way the transaction plays out depends on a number of factors, including the size of the deal, the number of employees involved, the relationship between the companies, and the applicable regulations. Still, most M&As follow a predictable process from identifying the target company to closing. An experienced Oakland Park, FL mergers and acquisitions attorney can represent you in your M&A deal.
What Are Phases of the Mergers & Acquisitions Process?
Develop the M&A Strategy
Why Do You Need to Run a Title Search in Florida?
Whether you have found the dream home for your family or the perfect beachfront condo for your investment portfolio, it is rare for any real estate transaction to go off without any issues. A key component of the successful completion of a property purchase is running a title search and ensuring that there are no title defects. These can derail a deal or cost the purchaser time and money even after the real estate purchase has been finalized. Finding out that your property has serious title defects could put a damper on your property’s value and investment potential. An experienced Broward County, FL title services lawyer can run a title search to ensure there are no issues with the title of the property you hope to buy.
Top Legal Mistakes Early-Stage Businesses Make
Entrepreneurs have drive and ambition, which are the building blocks of success and are necessary to move their ventures forward. Some business owners also have training, such as an MBA, while others have experience, a killer business instinct, or a combination of all of these. What most business owners do not have is legal knowledge and expertise (although, of course, some business owners are former attorneys, and vice versa). Yet business and law often collide, and for some businesses, not paying enough attention to legal issues can lead to costly legal mistakes. This is especially true for busy early-stage entrepreneurs. Even if you are aware of the top legal mistakes early-stage businesses make, an experienced Fort Lauderdale, FL business law attorney can offer priceless advice and help you navigate the path forward.
Common Causes of Commercial Real Estate Litigation In Florida
Whether you are a commercial real estate investor, developer, landlord, or tenant, you know that commercial real estate, like ay business, is subject to its fair share of disputes. As much as you may put in place practices to minimize commercial real estate disputes, it is not always possible to entirely prevent them from spilling out into litigation. After all, a once good commercial tenant may be neglecting the property, or your contractor on a commercial development may not be meeting deadlines. You could have a misunderstanding with your partner in a commercial real estate investment business. Whatever the case may be, these disputes can lead to some common types of commercial real estate litigation. An experienced Oakland Park, FL real estate litigation attorney can represent your rights in a commercial real estate dispute.
Good to Know: Common Contract Terms For Business Owners
Obviously, you do not need to be an attorney in order to run a business, just like you do not have to be a chef to run a preschool. You do not even need to know the law. That is why you hire an attorney. However, you will have to review more than your fair share of contracts as a business owner. Familiarizing yourself with terms and definitions that are common in business contracts can help you understand this "legalese." It can make your job more efficient by saving you time as well. Of course, for any further questions an experienced Broward County, FL business law attorney is here to help.
Common Business Contract Terms
Arbitration: In some types of alternative dispute resolution (ADR), a section addressing arbitration can require the parties to go to a neutral third party rather than to an official court of law for any dispute.
How Can I Resolve a Dispute With My Business Partner?
While you may have begun your business partnership on the best of terms, over time, you and your partner may have serious disagreements about important issues. Perhaps you disagree on the business’s direction or how profits and losses should be distributed. Maybe one of you wants to dissolve or sell the business, and the other wants to continue running it. Or it could be that you no longer like or trust each other. These issues could have serious implications for the health and survival of the business. You do not need to have an all-or-nothing proposition, however. It is possible to resolve the dispute with your partner or, in the very least, to find a solution that works for the partners and the business. An experienced Fort Lauderdale, FL partnership dispute attorney can advise you on the best way to resolve your disagreement.
