Category Archives: Miscellaneous Legal Topics

The dangers of not having a promissory note when loaning money

By | May 13, 2008

When you make a monetary loan, it is always a good idea to have a promissory note setting forth the terms of the loan. A promissory note is also used in real estate transactions.

Do I need a general power of attorney or a limited one?

By | May 13, 2008

A power of attorney is a document giving a trusted friend or lawyer the right to perform any legal act on your behalf. Anyone should be very cautious about utilizing these documents, as the person holding the power can literally perform any transaction in your absence. However, many times this grant of power is absolutely necessary to handle… Read More »

Why should I sign a consent form if my child is traveling with relatives or friends?

By | May 13, 2008

At times your child may have the opportunity to take a vacation or trip without you present. However, unexpected problems can always arise, which might require your consent. Let’s say, for example, that your child travels with a friend for school vacation to visit another state. While there, your child falls out of a tree on the family… Read More »

Why is a letter of credit important?

By | May 13, 2008

Guidelines for letters of credit are set up in Article 5 of the Uniform Commercial Code. Letters of credit are important for business entities and individuals alike. When a business is attempting to purchase goods, services and technology to serve their clients, a letter of credit is essential. Most businesses do not pay cash or write a check… Read More »

How can I correct errors on my credit report?

By | May 13, 2008

Throughout our lives, banks, lenders, landlords, insurance companies, stores, and often employers, gather information about our credit for one reason or another. Due to the abuses of reporting by various agencies (or simply human error), Congress, in 1970, passed the Fair Credit Reporting Act as part of the Consumer Credit Protection Act.

When would it be wise for my business to utilize confidentiality agreements?

By | May 13, 2008

Along the same lines as covenants not to compete are confidentiality agreements. Many times an employee or partner will leave a business and the need for a complete “no competition” agreement is not necessary. A simple confidentiality agreement may be entirely suitable when attempting to protect a company’s secret food recipe, cooking technique, perfume formula, varnishing mixture, anything… Read More »

When should I use a bill of sale?

By | May 13, 2008

Many people think that a bill of sale is not necessary when selling an antique table or the old junk car in the backyard. However, a bill of sale should be used when any personal property is disposed of. It is a necessary contract to protect both parties. The bill of sale sets out the terms upon which… Read More »

When should you Insist on an Indemnity Agreement?

By | May 12, 2008

Businesses, individuals and organizations use indemnity forms to outline and record details involving financial responsibilities every day. Insurance policies are one example of indemnity agreements.

Are you Considering a Legal Name Change?

By | May 12, 2008

There are many reasons individuals choose to change their name. Marriage is one reason and divorce is another, but these are certainly not the only two life events that prompt people to change their names.

Why you need a Power of Attorney and How to Assign One

By | May 9, 2008

A power of attorney is someone who can make important financial decisions on your behalf if you are incapacitated or unable to do so. Many people think about a power of attorney as they approach old age or begin to suffer from ill health.