What's this form?

What is a mutual non-disclosure agreement?

May 13th, 2008 by LawGuru Staff

A non-disclosure agreement is very similar to a confidentiality agreement - which document to use is often simply a matter of personal preference. Both require the stipulation that specific information will not be disclosed to third parties for any reason. Additionally, neither agreement format prohibits anyone from reporting a crime or violation.

(more…)

Can I use a form to change my name?

May 13th, 2008 by LawGuru Staff

In a word, the answer is yes, you may utilize a form to have your name legally changed. There are many reasons why someone would want to change their name, the most common being upon a divorce where the wife has taken her husband’s name and now wishes to return to her maiden name.

(more…)

When do I need a mechanic’s lien?

May 13th, 2008 by LawGuru Staff

If you own a business or perform services for someone, you expect to be paid, unless previous arrangements have been made for the donation of your time and materials. In order for your business to continue in a profitable manner, you have to rely on customers to pay their bills on time. However, in many cases, this simply doesn’t happen. When you first start any type of job for a client, you should have a simple contract, which states the cost of materials and labor, and a payment schedule for the job. But, what if the customer decides they are not going to honor that contract and simply don’t give you any money. Even if you do not have formal contract (which is never a good idea), you still have a remedy for payment.

(more…)

Why is a letter of credit important?

May 13th, 2008 by LawGuru Staff

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 for large purchases. When contacting new vendors, the letter of credit allows the vendor to see that the business is credit worthy and pays their bills in a timely manner. The vendor can then take on very little risk in forwarding the goods or services to the business organization without obtaining payment up front.

(more…)

Should I have a durable power of attorney for health care?

May 13th, 2008 by LawGuru Staff

The durable power of attorney for health care is another documents that should go hand in hand with the living will as part of a person’s estate planning. The durable power of attorney for health care works much in the same manner as a limited power of attorney. It assigns the right of making health care decisions to a trusted party in the event the maker is incapacitated and not able to make decisions for themselves.

(more…)

Should I have a living will?

May 13th, 2008 by LawGuru Staff

The question of a living will is becoming more and more popular as time goes on. Years ago the idea of designating someone to make such a personal decision regarding your life was unthinkable. Decisions were simply made by doctors and family members as to the best course of action without regard to what the patient might wish, or without any knowledge as to their wishes. The living will takes the guesswork out of these decisions, as the patient has made their wishes known long before a final decision is necessary.

(more…)

When is a covenant not to compete warranted?

May 13th, 2008 by LawGuru Staff

You’ve had a partner or employee for years who has learned every secret of your business. You find that they now wish to move on and work in another organization or develop another business of their own, or you’ve recently bought a business and you are now worried the former owner will set up shop down the block. How do you prevent these people from directly competing with your business so that you lose clients, profits or both?

(more…)

What is a notice of assignment?

May 13th, 2008 by LawGuru Staff

An assignment takes place when one party is holding a right to property, claims, bills, lease, etc., of another party and wishes to pass it along (or sell it) to a third party. As complicated as that sounds, it really isn’t. Strangely enough, many assignments can be made under the law without immediately informing, or obtaining the permission, of the personal obligated to perform under the contract. An example of this is when your mortgage is sold to another mortgage company. The original mortgage company may not inform you for several weeks, and they certainly aren’t going to ask your permission to make the sale.

(more…)

What is an affidavit?

May 13th, 2008 by LawGuru Staff

An affidavit is a simple statement of fact sworn to by the person signing it. Affidavits are used under many circumstances when a person wishes to give their testimony of truth to another party.

(more…)

Protect your Business with Non-Disclosure and Confidentiality Agreements

May 12th, 2008 by LawGuru Staff

Are your concerned about your business’ trade secrets or intellectual property? If so, you can take advantage of special agreements designed to prohibit the disclosure of companies’ most vital and sensitive information.

The two types of labor forms most commonly used by businesses to protect their confidential information are Non-Disclosure Agreements and Confidentiality Agreements.

(more…)