answered on Dec 11, 2020
The best option is to hire an attorney to draft a fixed income contract for your business. Please feel free to reach out to our law firm, Peace & Squires Law, at contactus@peacesquireslaw.com or 919.617.4008. Please also see our firm's website whereupon you may schedule online an initial... Read more »
Essentially I was promised the same type of equity the owner had as part of my total compensation. This is in writing through emails and recorded conversations. The owner was looking at an outside person for advice on many situations, whereby this outsider told me to take action contrary to the... Read more »
answered on Dec 6, 2020
It depends. The primary issue will be what does the written document say about the "equity" and the effect your termination has on it. You should consult with an employment attorney as soon as possible.
The contract was signed by both parties and had a specific payment plan, the business was being financed by the owner for two years. The balloon payment was to be made at the end of 2 years. The buyer made payments for 17 months but has paid nothing in the last 28 months.
answered on Nov 23, 2020
No, but frequently the offer to purchase has a clause that allows the buyer to back out if the house appraises less than the offer.
I am a tenant and owner of a counseling service, no longer holding in-person sessions at my rented office space due to the threat of coronavirus. Since the space continues to be unfit for the business purpose for which I entered the commercial lease contract, can I claim the space is “damaged”... Read more »
answered on Nov 10, 2020
This looks like an issue that a North Carolina landlord-tenant attorney would know the most about. Your post remains open for four weeks. Although there are no guarantees that every question is picked up, you might have better chances of a reply under the Landlord-Tenant category. Good luck... Read more »
They requested a deposit of $1000 and in the agreement it says I agree to buy a home. The salesman told me this locks in my material costs for 30days. I hadn't closed on my existing home sale at the time and he told me not to worry everything would get going within 30 days. Lender he... Read more »
answered on Oct 28, 2020
It's difficult to say without doing a full consultation that includes reading the contract and getting more information. However, as a general matter, a successful breach of contract claim will include the cost of lost profits. This is because the court is trying to put the plaintiff in the... Read more »
answered on Oct 19, 2020
It depends on many factors, whether or not the deceased had wills, how the property was titled, what the marital status of the deceased was at their death, and who their legal heirs were. I would hire a local NC attorney to answer these questions, and from there, you can proceed forward.
Stepson still rental last night wrecked it and totaled it don’t have renters insurance
answered on Oct 13, 2020
A North Carolina attorney could advise best, but your question remains open for four weeks. It might be a longshot, as you were not the operator, but if you rented through a credit card, you could look into whether the card offered any type of protection. If you have a vehicle, you could look into... Read more »
we signed a contract on 8-17-2020 to purchase property. A week before the closing we were informed of a delay due to probate. The day the closing was schduled our attorney learned the estate was never filed. As time is ticking and the sellers are running out of time, our attorney and sellers... Read more »
answered on Oct 5, 2020
The buyers can not give you a clear title until two years have passed since the death of the prior owner, or the notice to creditors has run in the local paper. How your attorney missed this significant detail, I do not know. I can only guess that you were paying cash and did not ask for title... Read more »
We signed a contract 5 months ago, they installed everything but the gates and 39' of fencing. They are not communicating with us and have failed to finish the project. It's a safety issue to not have the gates and we'd like to install them ourselves at this point. Can we legally... Read more »
answered on Sep 1, 2020
I am sorry to hear that this happened to you. It is good that you asked prior to doing anything. It is always important to look to the contract first. Basically, look at your contract and see if there are provisions governing when the fence must be installed, when your payments must be made, and... Read more »
Purchased a truck and less than 24 hours later started having mechanical issues. As of right now I still haven't had the vehicle for 24hrs. Is there a time frame where I can cancel the contract?
answered on Sep 1, 2020
The first place you should look is your purchase contract with the dealership. See what rights and obligations you have regarding the purchase. If you have an option to return the truck, or have the dealership repair it, the purchase contract should outline your rights.
If the contract is... Read more »
They have not done anything about it and i have a seven year old. it comes from the bathrooms and all in the apartment.. it seems to be coming from the venting system. i spray light candles ect. What can i do about this? im worried about my child and myself
answered on Sep 1, 2020
I am sorry to hear that you are experiencing these problems. As for ensuring the landlord does something, the first place you should check is in your lease. I would not be able to tell you whether you have the right to enforce certain prohibitions in your lease, such as a smell penetrating your... Read more »
We built our house approximately 6 years ago and we have had several issues with the AC system since we moved in. The builder of our house used a subcontractor for our AC system. We have repeatedly reported issues about our system over the years and they kept sending out the subcontractor to fix... Read more »
answered on Jul 29, 2020
You have a "statute of repose" issue. If it has been six years or longer, even if you did have a claim against your general contractor, it is too late to sue.
No work has started on this claim and we would like to look at other options on getting our bathroom room put back together. The company wants to be paid for labor and material cost and expensed incurred as of the date of termination, plus the company's fees of 20% of the entire scope of the... Read more »
answered on Jul 24, 2020
You should have an attorney review the contract you signed and look into any applicable laws that may be in your favor. A quick review by an attorney will be less expensive than what the contractor is asking for.
My response provides only general information and is not intended to provide... Read more »
My father had no will but anticipated leaving me everything as he is not married and has no other children. I am the administrator of his estate. The hospital has filed a claim against the estate for $111,000. The sum of his final 7 days on this Earth in the hospital with no insurance. He had no... Read more »
answered on Jul 17, 2020
Try working with the hospital to reduce the debt and agree to make regular payments to pay it all off within a reasonable period of time. Hiring a lawyer might help.
They marketed it as a completely new event, changed the price, and refuse to offer deposits back. They have offered other options such as transferring it to next year, pay for the new event, or lose your deposit. It seems pretty reasonable that you should get your money back if they cancel an... Read more »
answered on Jul 15, 2020
This new world comes with new problems. Without knowing about the event, the terms and conditions related to the deposit, or any agreements you have with the event, it is very tough to give you an answer. An example may help. If you bought an airline ticket and your flight was canceled due to... Read more »
Hi I have a marketing business where I put up Facebook ads and connect contractors with potential customers
My question is if the contractor breaks something, doesn’t fulfill the job, or the work is faulty and damages the home how can I protect myself from the customer suing me?
answered on Jul 9, 2020
It would help to have a clear disclaimer in some form as to the limited role your marketing company plays in connecting contractors with prospects. Not sure what information you are using to market but best to disclaim those representations as well in some manner.
I signed a 5 year no competition contract with the promotion of a assistant manager Jan 1st 2018 . I moved to California for almost a year, then moved back to North Carolina . She hired me back I never signed anything when I moved back . Also now that she has let me go she is say I owe her the... Read more »
answered on Jul 1, 2020
If you were an employee, and the money she gave you was for work you performed, it is not likely that you owe the money to her. If you were an employee, and it was not for work you performed, she might have a claim. If you were an independent contractor, the answer to the question would depend.... Read more »
answered on Jun 23, 2020
The contract you signed may have a "force majeure" clause that explains what extraordinary circumstances void the contract. If the contract has no such clause, you may still argue:
- Frustration of purpose: when the purpose of the contract (for you) is destroyed by unforeseeable... Read more »
Now we do not want to build with them. What are our options? It states that it is noncancelable!
answered on Jun 5, 2020
The terms of the contract will determine your termination ability and rights, including how the deposit is handled. Review the contract for how to cancel the contract and follow those provisions.
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