What is a Marital Financial Agreement? A marital financial agreement, also known as a "MFA", is a legally enforceable contract between two married parties, or two parties who are in a de-facto relationship which is signed either before or during the course of the relationship. It can set out the respective interests of both parties…
What is a Navy Legal Hold? As with most things legal, the navy/DoD world also has its own special terms. Here we will work through what a "Navy legal hold" means and how it’s done.A legal hold (also known commonly as a litigation hold) is in essence a notice that tells people to preserve certain…
Necessary Components of a Legally Binding Document To understand our question, we must first know what makes a document legally binding. Intention to create legal relations: There must be an intention that the document shall have legal consequences. The mere fact that the parties intend to be bound by the document does not necessarily make…
What is a Parking Agreement? Parking agreements play a crucial role in real estate and commercial contexts. They are used in both residential and commercial contexts, but we use them almost exclusively in our office for commercial contexts. In the commercial context they are most regularly used for co-tenants (also called co-owners) in a property…
The Components of a New Home Construction Contract A new home construction contract should be a clear, unambiguous, complete, and detailed outline of the intent of the builder and buyer. In a typical new home construction contract, there are eight parts that must be in the contract for it to be enforceable. The main components…
Legal Assistant Overview Supporting legal professionals in virtually every aspect of their practice, a legal assistant is often referred to as a paralegal, though there’s a slight difference between the two positions. A paralegal is more directly involved with the work of the legal team and typically possesses a degree of higher education in the…
Texas Law Shield Overview Texas Law Shield is a membership program that serves Texas and national clients. The primary purpose is to provide for a legal defense in the event that a member needs it. Legal defense can be in relation to criminal and civil matters involving "Use Of Force." In other words, Texas Law…
Let’s Examine Legal Guardianship Legal guardianship refers to a situation where someone, other than the child’s parents, obtains legal authority over a child. The person who becomes the child’s guardian has the responsibility to care for the child until he or she turns 18 years old. Becoming a legal guardian is not an informal situation…
Contract for Buying a Boat The foundation of any boat sale and purchase transaction is the boat purchase contract. This legal document sets out the various rights and obligations of the respective parties and serves as the primary means of allocating risk. In other words, the parties negotiate and bargain over who should bear the…
What is Abandonment? The Illinois legislature has provided a statutory definition of the term abandonment, but it is a definition that applies only in limited circumstances. Thus, the terms abandonment or abandoned do not have a singular or universal definition under Illinois law.Black’s Law Dictionary defines an abandoned property or item as "an item of…