Federal Record Retention Must-Knows A comprehensive approach to information governance includes the retention and timely disposition of federal records. The retention of these data is prescribed by federal agencies. Many records are to be retained for a specific length of time (often based on the "RY" or "RFY" date per GRS 5.401); after that holding […]
A Brief Guide to Partnership Agreements A partnership agreement is a legal document agreed to and signed by each of the members of a partnership that describes the rights, responsibilities, and obligations of each member of the partnership. The partnership agreement will often address all of the issues that may arise among the partners while […]
What is an Agency Agreement? An "agency" is a legal relationship wherein one party (the "principal") gives power to another party (the "agent") to do a particular act on the principal’s behalf. The individual contracts or agreements involved in establishing an agency can take a number of forms, and the acts or responsibilities that one […]
What Is a Motion to Change Venue? The motion for change of venue is a legal filing that asks the court to relocate a case out of the current superior court district. There are limitations on when you may request a change of venue, how you may request a change of venue, and where you […]
An Overview of Construction Arbitration Arbitration is an alternative dispute resolution process that allows parties in a construction project to seek a third party’s judgment of said dispute, instead of turning to the court system. It is similar to mediation, however, arbitration is a binding decision and most often eliminates or cuts down the time […]
Defining the Offset Agreement An offset agreement is a commercial agreement used in international trade in which a contractor agrees to make certain commercial investments in the importing country as part of the contract. Offset agreements are particularly common when the purchasing customer is a government or other entity that requires the seller to bolster […]
What is an Option Agreement? An option agreement is a legally binding agreement whereby an optionor gives the optionee the exclusive right to purchase or lease a piece of land for a certain period of time. The time period is usually between six to twelve months, depending on the deal. This is most often done […]
Motorhome Rental Agreements Explained Before we delve into templates and examples, it’s important to understand the fundamentals of motorhome rental agreements. What is a motorhome rental contract? Who are the parties involved? What does it usually cover, and why is it so important? Furthermore, do I need a lawyer to help me draft one of […]
Tax Deductions for Legal Work Explained Most people have heard of tax deductions before. However, many don’t actually understand their basic concept or how they function. A tax deduction is simply an amount that you can subtract from your total taxable income. As a result of the deduction, you need to pay less in taxes […]
A Closer Look at Contract Requests A crucial component of the business world is understanding the many aspects of a contract request. The definition of a contract may be the legal context of an engagement but also the offer and acceptance of a proposed transaction, or an agreement between parties for terms of a desired […]
