Lawful Thoughts®
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Contractors: To Waive Or Not To Waive Consequential Damages?
A waiver of consequential damages is contained in many construction contracts.
Continue ReadingBanks Face Claw-Back Exposure For Account Overdrafts
Two recent cases highlight an unexpected risk that comes with overdrafts and the importance of documenting and following procedures in handling them.
Continue ReadingWhy Detail is Important in a Letter of Intent for a Commercial Lease
LOIs are typically non-binding and set out the basic terms that will be contained in a lease document once the parties agree to the contents.
Continue ReadingNew Vosh Policy Effective July 1, 2015 to Prevent Worker Misclassification
Effective July 2015, the VA Department of Labor and Industry will implement a new VOSH policy to combat misclassification of workers.
Continue ReadingU.S. Supreme Court Weighs in on Mortgage "Strip-Offs"
The US Supreme Court ruled on mortgage "strip-offs."
Continue ReadingWhy Businesses May Like the "Duke Rules Package" Part 4 of 4: The Outcome
This article summarizes the rules from the "Duke Rules Package" that were ultimately adopted by the Supreme Court.
Continue ReadingUsing Virginia Historic Tax Credits to Offset the Virginia Bank Franchise Tax
The Federal and Virginia governments subsidize rehabilitations of historically significant buildings.
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