Many people think a severance agreement is straightforward: their employer is paying them to peacefully walk away after the termination of their employment. But this oversimplification can have far-reaching consequences. Many severance agreements con…
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Your estate plan allows you to control who will manage your affairs when you can no longer handle them yourself and identifies who will receive your property upon your death. If you already have an estate plan — congratulations — you are among a…
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The U.S. Department of Labor announced a final rule on April 23, 2024, titled, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” The Rule raises the standard salary level…
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Contracts are essential to running a business and are used in almost every situation involving an agreement or transaction. A written contract is better than an oral contract because the terms of the agreement are written down, eliminating reliance o…
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Contracts are the lifeblood of any business. A contract is a legally binding agreement through which each party promises to do something. When a contract is valid, each party has a right to enforce it. If one party believes the other side is not livi…
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If you are starting a new business in Ohio, it is important to understand the different types of business entities available, which Ohio business entity structure is right for your business, and the short-term and long-term effects of certain entity…
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A commercial lease agreement is a complex legal document that sets forth the terms and conditions for the rental of a commercial property. It is a legally binding contract that can last several years and will govern the relationship between landlord…
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Business ownership disputes can arise when people with a financial interest in a business disagree about the direction the company is taking or how decisions are being made, or have concerns about accounting methods or how profits are being distribut…
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The loss of a spouse can be difficult for the surviving partner. And as much as you may want time alone to grieve, you may be responsible for handling your deceased spouse’s affairs. When a partner dies, a surviving spouse often asks, “Am I respo…
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