Defining Rent-to-Own Lease Agreement A rent-to-own lease agreement is a residential lease agreement that includes an option for the tenant to purchase the property within a certain time period at an agreed-upon price. Rent-to-own lease agreements are also known as "lease with an option to purchase" and "option to purchase." Sometimes, they are referred to…
Salon Rental Contract Basics A salon rental agreement is a common document used within the hairstyling and nailcare industries. It is used to outline the terms of lease between a commercial hair salon company and an independent, self-employed stylist or stylist group. In some cases, it may be in the form of a hairdressing salon…
Age of Majority Within the State of Mississippi The age of majority, the age at which a person is considered an adult in Mississippi, is 21 years old. Once a person has reached the age of majority, he or she is no longer subject to guardianship or conservatorship and is deemed competent in the eyes…
What Constitutes Legal Basis? The concept of legal basis relates to sources of authority in law. A legal basis sets out the conditions in which coercion is imposed on people with respect to the issue at hand, and provides an explanation or justification for why the issue is being treated in that way. Legal basis…
What Exactly is a Joint Defence Agreement? Joint defence agreements, or JDAs, are tools used by attorneys to facilitate the sharing of privileged information between different parties in order to prepare a defense against a common legal adversary. A JDA promotes the free flow of information between lawyers representing clients with a common interest in…
Delaware Journal Background Inception of the Delaware Journal of Corporate LawThe Delaware Journal of Corporate Law was established in 1975, at a time when the state of Delaware had gained immense global recognition as a leading jurisdiction for corporate law and governance. Its inception marked a vital step in the provision of a communication platform…
What are Recitals in a Contract? Defining the term recital in a contract Generally speaking, the recitals contained in a commercial agreement tend to be the bits of text that come near, or at the start of, a contract before it goes on to list "the operative provisions" of the document. The term "recital" does…
What Is a Contract Dispute? Understanding the Nature of a Contract DisputeA contract is an enforceable agreement between two or more parties, generally consisting of an offer, acceptance, and a promise. Every contract has its terms & conditions, and most will contain a number of clauses as well. These clauses can be purposefully added to…
Kansas Debt Collection Laws Overview At its core, Kansas debt collection laws are designed to ensure that debt collection activities are fair to all parties involved in a collection scenario. Although there is significant overlap with federal debt collection practices, Kansas has its own set of regulations that govern how creditors, auto lenders, student loan…
What is a Liquidation Agreement A liquidation agreement is a type of agreement between a shareholder owning at least 75% of a company’s shares and a debtor company. Under a liquidation agreement, such shareholder agrees to pay all debts incurred by the company (the "Debtor") after a formal insolvency has commenced.The liquidation agreement takes the…