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Advantages of Ladybird Deeds

Advantages of Ladybird Deeds

by kclawdev | Mar 8, 2024 | Corporate, Estate Planning, Real Estate

A Ladybird deed (also referred to as an Enhanced Life Estate) is a unique method of transferring real property via a warranty deed or a quitclaim deed to a contingent grantee that reserves a life estate, and the lifetime power to convey the property and...
Five Easy Steps to Protect Payment on Private Projects

Five Easy Steps to Protect Payment on Private Projects

by kclawdev | Mar 8, 2024 | Construction, Corporate, Real Estate

STEP 1: REQUEST THE NOTICE OF COMMENCEMENT OR THE BOND the clocks start on subcontractors’ and supplier’s deadlines to serve their Notice of Furnishing once the Notice of Commencement is recorded, posted, or provided. Subcontractors/suppliers should serve their Notice...
Don’t Be Tricked During Due Diligence

Don’t Be Tricked During Due Diligence

by kclawdev | Mar 8, 2024 | Corporate, Estate Planning, Exit Planning, Real Estate

The investigation or “due diligence” period is a very intimate experience for business owners because a stranger will be deliberately trying to find the flaws in the company you spent your life building. Yet, through all this poking and prodding, you will have to...
Beware of Consequential and Liquidated Damages

Beware of Consequential and Liquidated Damages

by kclawdev | Mar 8, 2024 | Construction, Corporate, Estate Planning, Exit Planning, Real Estate

Consequential damages and liquidated damages generate more conflict than almost any other issue in contract law. For starters, they are unpleasant subjects: they concern the cost of a broken agreement. It is common for parties not to want to address the unpleasant...
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