How can a court rule that one party in an oil and gas lease is in breach of contract when the supposed terms breached are not actually in the contract? The answer lies in the legal concept of implied covenants, which are agreements that contract terms suggest but do...
Year: 2020
Two real property tax exemptions to reduce your tax bill
While buying a home is one of the most exciting parts of most people's lives, you may not feel thrilled about paying property taxes. Established in 1825 to fund public schools, property tax is Ohio's oldest tax. Many citizens criticize this model because it tends to...
The complicated matter of business partnerships
At its best, a business partnership represents a potentially volatile situation that can strengthen or weaken a company. The dissolution of a business partnership often involves all of the tension and drama of a contested divorce. Many pitfalls exist in these...
What is the difference between mediation and arbitration?
Ohio entrepreneurs like you must know how to handle potential disputes. Though no one enjoys dealing with them, they happen to everyone. The best way to handle a dispute differs from situation to situation. But some possibilities include litigation, arbitration and...
What is a conflict of interest?
Legal professionals must adhere to a code of ethics to ensure their clients receive the best support possible. Avoiding conflicts of interest is a crucial aspect of providing dependable legal advice, no matter what kind of case you are handling. Being able to identify...
What are the ethical duties of an attorney?
If you hire an attorney in Ohio, then that person must have a professional license from the state bar association. The Ohio State Bar Association explains that ethical duties are part of the agreement an attorney makes when getting a professional license. The OSBA...
Business owner tips for negotiating commercial lease length
Whether a company is relocating to a new space or preparing for its first opening, the terms of a commercial lease can make or break a potentially promising business opportunity. As businesspeople themselves, landlords usually create lease contracts that are...
Handling common types of shareholder disputes
Shareholder disputes can threaten the future of your company, especially when you only have a few partners with interest in the firm. Planning for these issues can mitigate conflict by providing pathways to resolution. Explore strategies to handle these common...
What are clawback provisions?
Whether you are drafting a contract for a new executive hire or you are considering signing a contract to join a major corporation, it is essential that you understand all components of the contract before signing. Coming across certain terms, such as ‘clawback...
Can employers ask about criminal history on an application?
If you have a criminal conviction in your past, it can make applying for jobs a scary situation. Seeing the box that asks about your convictions can make you feel like it isn’t worth it to even apply for the job. Unfortunately, it seems that every employer asks about...