NDA Breaches

A typical NDA says that it "may" be enforced by seeking injunctive relief as well as, and not instead of, seeking monetary damages. An NDA also...

Moving a ebay business from one state to another.

As I understand it, you're going to move to Michigan soon but, in the interim, intend to open up a new business that will operate temporarily in...

I signed a FIVE year lease agreement for software and consulting. There is no way I can pay this. What's my option?

You should review the contract (which I assume is in writing) and determine whether there are any bases upon which you may unilaterally terminate...

In most states, it is sufficient if you sign in whatever way that makes clear that you're signing not in your personal capacity, but as the...

What legal options does a cosigner have?

Your lawyer's answer is correct. If you didn't agree to co-sign for the loan, you can't be held responsible. You do, however, have a fairly...

If i borrow money from a loan company and i cant afford to pay and i dont have the items i used for collateral can i go to jail

Good news! We abolished debtor prisons in our country long ago. Of course, if you committed fraud in order to secure the loan in the first place,...

Two people personally guarantee to bank for line of credit - what if only one has assets?

The bank will have the right, undoubtedly, to pursue full recovery of the debt from either or both guarantors. If only one guarantor is held...

How can we keep our limited parnter status when voting to remove the managing member?

Typically you would form a new corporation and then elect the corporation as the successor general partner of the limited partnership. The...

I plan on seeking venture capital for a start-up social networking website should I have the venture firm sign an NDA?

I agree with the other answers: it is always a good idea to ask those with whom you share valuable business information to agree to keep that...

If a Chinese national wants to invest in US closely held C Corporation (loan or capital) what are pitfalls/issues to consider

Many businesses in the United States are foreign owned. The two big issues that leap out are (1) rules that prevent corporations from being taxed...