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Marine insurance policies often require insureds to follow promises known as warranties. For Maryland vessel owners and businesses, these warranties may address where a vessel can travel, how it must be maintained, who may operate it or what safety equipment must...
A contract may clarify more than the duties each party must perform. It can also determine what one party must pay if a specified breach occurs. A liquidated-damages clause sets that amount in advance, giving the parties at issue a measure of financial certainty...
When setting up an estate plan, one thing to consider is how all of the documentation works together. Certain conflicts can cause problems for the beneficiaries. For example, when setting up a life insurance policy, a person is asked who they want to name as the...
A company's web domain may very well reflect its brand’s trademark to one degree or another. It may be the official name or slogan for the company, making it easy for people to remember how to find the business on the internet. Unfortunately, even the best domains...
Vessel owners often face unexpected financial strain when repair estimates climb during restoration work. What begins as a manageable claim under a maritime insurance policy can evolve into a coverage dispute if the insurer questions whether rising costs fall within...
Buying a business, investing in commercial real estate or acquiring another company are all exciting opportunities. However, every transaction comes with risks. Before signing contracts or transferring funds, it is vital to know what you are buying and if any hidden...
Disputes between construction businesses and clients can arise due to delays, supply chain complications and other unforeseeable problems. Clients frustrated by increased expenses, scope creep or alterations to their original plans may blame the construction company...
Restrictive covenants can play an important role in many different types of contracts. Noncompete, nondisclosure and nonsolicitation agreements can all help protect a business's interests and intellectual property. They prevent the disclosure of nonpublic information,...
Starting a business on your own might not be something that you want to consider. A business partnership can give the owners shared resources and combined skills. This can help the business to thrive. Some partnerships look amazing on the surface, but it’s critical...
You can use a power of attorney to decide who can make important decisions on your behalf if you are unable to do so. These are important estate planning documents that allow you to plan for an unpredictable future. For example, you may decide to use a legal power of...