Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
Why 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.
Continue ReadingGood News for Subcontractors and Suppliers: Prospective Lien and Bond Claim Waivers are Null and Void
With the passage of Senate Bill 891,Virginia joins the ranks of a majority of states that prohibit mechanic's lien or payment bond claim waivers.
Continue ReadingJames River Coal Files Lawsuits To Recover Alleged "Preference" Payments
James River Coal Company filed Chapter 11 bankruptcy in the US Bankruptcy Court for the Eastern District of Virginia on April 7, 2014.
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