Introduction To Asset Transfer Agreements Asset transfer agreements, also known as asset purchase agreements, are legal contracts that outline the terms surrounding the transfer of assets from one party to another. Typically, they’re used in the process of buying or selling a business.An asset transfer agreement is essential for the completion of the transfer of all of the seller’s assets;…
Overview of Legal Separation in Illinois Legal separation in Illinois is a formal step a couple can take before fully divorcing. A legal separation agreement is a legally binding contract between spouses that does everything a divorce decree would do – divide assets and debts, allocate parental responsibilities and parenting time, and may even set up future spousal upkeep. Sometimes…
What Is a Dog Adoption Contract? What is the purpose of a dog adoption agreement contract? In most circumstances, the majority of the dog adoption contract provisions are for the protection of the organization placing a dog in the home or for the protection of the adopted pet. It obligates the owner to care, treat and love their newly adopted…
What is Contractor Insurance? Contractor insurance refers to a wide range of liability insurance coverages used by contractors, subcontractors and other tradespeople involved in renovation, maintenance or construction projects. The general purpose of contractor insurance is to protect policyholders against certain risks and losses associated with their work, including those involving liability under common law (such as negligence) and statutory…
Employment Law Contingency Explained Employment law on a contingency basis means that you don’t pay the law firm an hourly fee for their services. Instead, if your case is successful at trial, you are charged a percentage of the final award or settlement. Of course, the amount of this percentage is negotiable, but the general rule is that employment law…
Introduction to Contract Types Cost-plus contracts and fixed price contracts are two of the most common ways to structure a construction contract. Understanding how each type operates is essential in order to determine which option is appropriate for your construction project.What is a Fixed Price Contract? Fixed price contracts are, as the name suggests, a predetermined price for a specific…
What are OTFs? OTF: Out-The-Front. A mechanism that permits easy deployment and retraction of a blade using a simple sliding motion. Think of it as the knife equivalent of a garage door opener. These knives, also commonly referred to as "switchblades", are activated by a button (or lever in the case of D-Ring knives) to expose the blade, and often…
An Introduction to In-House Legal Positions A wide variety of in-house roles exist for legal professionals, all of which can be divided into transactional and litigation roles. Within these areas are many specialized roles, including real estate, construction, securities, corporate, tax, antitrust, intellectual property, labor and employment, and privacy. Most law firms do not have the depth of staffing in…
Defining a Part-Time Employment Contract A part time employment contract is a legally binding agreement between an employee and their employer that states the employee will work a specific number of hours each week. Some employees will therefore work on a permanent basis, with a guaranteed amount of weekly hours. For example, someone may work 20 hours per week at…
What is a Personal Assistant Agreement? A personal assistant agreement (also known as a House Employment Contract) is a written contract between you and an employee, or workers if you employ more than one person (assistant). The contract should define the employment relationship between you and your personal assistant. It should also set down things such as the personalised duties…