Consent to Assignment of Agreement: An In-Depth Guide

What Is a Consent to Assignment? Consent to Assignment of an agreement refers to the act of obtaining permission from one (or more) parties to an agreement to transfer its obligations or benefits (sometimes known as "rights") under that agreement to another person (sometimes known as an "assignee"). Consent to Assignment differs from the third-party rights set out above in three important respects:Consent to Assignment is all about providing an agreement with a sanction against…

Demystifying the Law Firm General Counsel

Clarifying General Counsel Most people have a fairly rudimentary understanding of what the role of a law firm’s general counsel entails. A good starting point in understanding the general counsel of any organization, law firm or otherwise, is in its name. General counsel means the "lawyer for the lawyers." In the law firm context, its primary responsibilities are to manage risk and help avoid liability. The general counsel is charged with ensuring that the law…

The Exclusive Buyer Broker Employment Agreement: All You Need to Know

What is an Exclusive Buyer Broker Employment Contract? A buyer broker exclusive employment agreement is a written contract between a homebuyer and a real estate broker. It designates that the buyer & the buyer’s broker are each representative for the other in any home purchase they agree to pursue together. The agreement also grants the buyer’s broker a commission , or sub-agent commission, when a sale occurs. Having an agreement up front is important to…

Employment Arbitration Agreements Explained

What is an Employment Arbitration Agreement? An employment arbitration agreement is a written contract between an employer and the employee that requires any employment disputes between the two of them to be decided in arbitration. In California, this is an increasingly common way to resolve disputes arising out of employment contracts. Yet, it is not necessarily what happens when an employee believes he has been wrongfully terminated. A former employee, who believes he has been…

Grounds to Legally Break a Lease in Colorado

An Overview of Lease Agreements in Colorado Lease agreements serve as the primary document that propels a landlord-tenant relationship forward. It is the outline of responsibilities, rules, and rights that both parties are expected to follow in the course of their relationship. In Colorado, lease agreements, sometimes referred to as rental agreements, can be either written or verbal, but a written lease is strongly encouraged. A written lease agreement is enforceable from the moment the…

Meaning of ‘Affirmed’ in Court: Everything You Need to Know

‘Affirmed’ – Definition in Law When you hear that a case has been affirmed, it means that either an appellate court or a tribunal has agreed with an initial determination. "To affirm" refers to a binding decision made by the appellate court. An appellate court reviews decisions made in a lower court, and if they agree with what the lower court decided, they affirm their determination. By affirming the decision of the lower court, they…

Understanding Commercial Lease Agreements in North Carolina

What is a Commercial Lease Agreement? Commercial Lease Agreements in North Carolina are written agreements between a landlord (lessor) and a tenant (lessee), in which the landlord agrees to provide a property to the tenant for the tenant’s use and occupancy, in exchange for rental payments for a specified duration. Commercial leases in North Carolina tend to be considerably longer than residential leases, may cover hundreds of pages and even be negotiated by attorneys, which…

The Best Law Firms in Mississippi: Titans of the Legal World

Snapshot of the Mississippi Legal Industry The legal landscape in Mississippi is as diverse as the state’s geography. From the bustling city of Jackson, the state capital and home to many prominent law firms, to the coastal city of Biloxi, known for its gaming and entertainment industry, Mississippi’s legal professionals are well represented across the state. The majority of the largest law firms in Mississippi are based in major metropolitan areas, where they are able…

Finding the Perfect Contract Lawyer in California: An End-to-End Guide

The Importance of a Contract Lawyer Ensuring your business agreements are binding, enforceable, and not contrary to public policy, and that performance is governed by standardized principles and rules, are important reasons to consider hiring a California contract lawyer.Contract law requires the implementation of various technical legal terms, the layman often has no knowledge of such terms. Contract lawyers can ensure your company is familiar with all the different potential terms and conditions that may…

California Severance Agreements: What You Need to Know

Severance Agreement Defined Severance agreements are arrangements between employers and employees who have decided to part ways voluntarily or via termination. Although the agreement benefits both parties, the employer generally drafts the agreement. The employer’s motivation is usually for the employee to release any claims against the company in exchange for financial compensation. Severance agreements can vary in the amounts and conditions of benefits provided, as well as the type of employment relationship between the…