Understanding Release Agreements in Real Estate Transactions

What is a Release Agreement? Release agreements are legal documents that relinquish a party's right to a claim, whether it be an actual claim or one that is in dispute. A release is used to protect one party from being vicariously liable for another party's negligence and therefore absolving them...

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Legal Administrator Salaries Explained: An In-Depth Look

An Introduction to Legal Administrator Jobs The role of a legal administrator is critical to the efficiency and effectiveness of any law firm or corporate legal department. By providing administrative support, maintaining the firm's or department's finances, and coordinating the operations among staff, a legal administrator serves as the backbone...

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Getting to Know SaaS Contracts: An Attorney’s Perspective

What is a SaaS Contract? Software as a Service (SaaS) contracts are a legal structure whereby software services are provided over the internet (the "cloud") to any computer with a browser interface. SaaS contracts eliminate the need to install and run applications on a computer system. While the software is...

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Florida Bad Faith Insurance Law: A Primer

Bad Faith Insurance Basics Insurance companies are expected to act in a certain way, when faced with claims. Generally, Florida law states that an insurer owes a duty of good faith when handling an insurance claim. Insurance policies often have a good faith clause that is included when the insurance...

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Creating a Sweat Equity Agreement: A Full Guide

What is Sweat Equity? In the context of startups, sweat equity typically refers to the portion of the business owned by early-stage employees, founders, or investors in exchange for their contribution of time and effort. In many cases, an employee may not be able to afford to work at a...

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North Carolina Surety Bond Basics

What is a Surety Bond? A surety bond is an agreement among three parties that is used for a variety of purposes and often required by state law. It is an agreement between a surety (a third party who provides a guarantee, such as an insurance company), a principal (the...

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