A Guide to Understanding a Joint Tenancy Agreement
Definition of a Joint Tenancy Agreement Joint tenancy agreements represent a specific, legally binding property ownership arrangement in Australia designed to offer enhanced security to all parties involved. It’s a system typically implemented between partners, spouses or family members to avoid the stress of going through probate in the event of an owner passing away, as the property automatically, by […]
Duration of a Tolling Agreement: When Can They Expire?
What Exactly is a Tolling Agreement? Tolling has a number of meanings in the law, so its use in the business context creates some confusion. In a business context, a tolling agreement is used to extend the length of time in which the parties may resolve the dispute before commencing any action. It can be used in both litigation and […]
Demystifying ‘Agree to Agree’ in Contract Law
What is an ‘Agree to Agree’ Contract? An ‘agree to agree’ contract is a promise to make an agreement in the future or to negotiate in good faith to reach an agreement. When it comes to contractual obligations, however, the law requires an actual signed agreement (or at least a signed offer and acceptance) for there to be an agreement […]
When and Why a Mortgage Company May Decline Payment
Decoding a Mortgage Payment Refusal When you borrow cash from a mortgage company for your new home or to refinance an existing mortgage, you enter into a mortgage agreement that carries specific instructions on how you are to pay back the loan. In general, you pay a mortgage company per month until you either refinance or buy another home. This […]
Understanding P and S Agreements in Real Estate Deals
What is a P and S Agreement? A Purchase and Sale Agreement (often called P and S) is the contract between a buyer and seller of real property. It is usually a one to four page document, accompanied by the "exhibits" which typically include a deed, mortgage, power of attorney, tenant estoppel letters, condo documents, etc.The purchase and sale agreement […]
The Legal Age of Consent in Nevada
What is the Age of Consent in Nevada? Under Nevada law, the current legal age of consent is 16 years old. A minor who is at least 16 but less than 18 years of age may consent to engage in sexual activity with another whoever is less than 18 years of age. The victim and the offender cannot be siblings, […]
Navigating MLA: A Guide to Citing a Legal Case
MLA Citing: The Basics At the very heart of the Modern Language Association’s citation style for legal writing lies an effort to create a clear and uniform system for properly identifying and referencing sources. MLA advocates urge all writers to determine the most important information necessary for the reader to locate the source being cited and to strive to present […]
Understanding the Mechanics of Puppy Deposit Contracts: An In-Depth Analysis
What is a Puppy Deposit Contract? A puppy deposit contract is a legally binding agreement that outlines the agreement between a buyer and seller regarding the purchase of a puppy or dog. This contract may be one or two pages long, depending on the details that the seller includes. A seller can draft the contract themselves and use a form […]
California HOA Common Area Laws Explained
Intro to HOA Common Areas One of the most important possible liabilities that HOA’s face from their members is commonly associated with the use of HOA common areas; therefore, it is important to understand what common areas are. The above referenced HOA information guide notes that it is "common knowledge" that common areas are the sociable grounds enjoyed by the […]
Managing Child Custody Without a Written Agreement
Understanding the Lack of a Written Custody Agreement In some separation and divorce situations, parents may have a verbal or informal, but not a legal, custody agreement. In such arrangements, one or two things may have happened: the parents did not make an agreement, or one parent took advantage of the other. For example, if you and your spouse go […]