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What is a Lis Pendens in Florida Real Estate? (With Example)

The lis pendens real statute refers to a notice of a pending lawsuit filed in the public records of the county where a piece of property is located. This doctrine can be difficult to navigate on your own, so this guide will help you navigate any lis pendens situations. What is a Lis Pendens in Real Estate? Those unfamiliar with real estate can quickly find themselves overwhelmed by the legal jargon. For Read More

How to Structure a Real Estate Partnership (With Examples)

Diversifying your investment portfolio may have led you to research the real estate investment market. If you’re wondering how to structure a real estate partnership or real estate investment vehicle with general and limited partners, examples include a real estate limited partnership (RELP) and real estate investment trust (REIT). A properly structured real estate investment partnership can increase your cash flow Read More

Advantages & Disadvantages of Franchise Business Ownership

Whether you're an established business owner or someone interested in dipping their toes into the world of running a business, you're sure to have asked yourself this question: “What are the advantages and disadvantages of franchise business ownership?” It's a valid question because the franchise business model is a popular choice for many entrepreneurs. Before you decide whether to franchise your business or Read More

Franchisee vs Franchisor: What is the Difference Between Them?

McDonald’s. 7-Eleven. KFC. Subway. These and many other household names are franchises. They bring in good money, too. In 2020 alone, U.S. franchises had a total economic output of $670 billion. However, don’t rush to set up a franchise just yet. You must first learn about the franchisee vs franchisor difference. Let’s take a look at what each of these roles entails and how the franchise relationship Read More

Statute of Limitations Copyright Infringement: What You Must Know

Statute of limitations copyright infringement is a law that limits the amount of time that a person can file a lawsuit against another person. If you are considering entering into a contract, it is important to know the copyright's basic rules and regulations. Here are some essential points you should know about copyright infringement. What is the Copyright Statute of Limitations? The statute of limitations for Read More

De Jure vs De Facto vs Corporation by Estoppel Differences

Creating a corporation is one of the most important processes in the development of your business. But what is a de jure corporation vs de facto corporation vs corporation by estoppel? Each is a distinct type of corporation with varying degrees of legal recognition and limited liability protection. The corporate status depends on whether the would-be corporation filed the correct legal documents with the state. De Read More

Trademark Assignment: How to Transfer Trademark Ownership

Trademarks are valuable representations of the goodwill of your business that connects a specific product to your brand for your consumers. As your startup or business matures (or if you acquire a company) you will likely need a trademark assignment agreement. This is a type of agreement for transferring ownership that provides a variety of business benefits necessary for protecting purchased or transferred trademark Read More

How to Check Trademark Status or See if Something is Trademarked Already

One of the most important pieces of intellectual property is the registered trademark. The trademark registration process protects your mark from use by others. If you’re wondering how to tell if something is trademarked or how to check a trademark status, the United States Patent and Trademark Office (USPTO) offers a streamlined process. How to See If Something Is Trademarked Already When you create a new Read More

What is the Doctrine of Unclean Hands? Defense & Elements Explained

What is the doctrine of unclean hands? This legal doctrine can seem complicated, but it is designed to protect the legal system's integrity and prevent a party from using the courts to gain an unfair advantage over another. If a person has committed a wrongful act and seeks to use the court to gain an advantage over the other party, the court may refuse to hear the case. The doctrine of unclean hands is an Read More

Free Contract Review Checklist Template (& Process Guide)

Negotiating a contract is one of the most important processes for a business. A free contract review checklist template like the one below can be important. You’re entering into a legally binding agreement with at least one other party, and if either of you fails to fulfill your obligations, the other party gets a legal cause of action to sue you. Effective contract management requires a thorough review of key terms Read More