Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
Without A Fee-Shifting Provision, Recovery Of Attorney's Fees Is Highly Unlikely In Construction Disputes
Contractors should include fee-shifting provisions in their contracts and subcontracts to preserve their rights to recover attorney's fee.
Continue ReadingWashington Has Launched Attack on Section 1031 Tax-Deferred Exchange Transactions
Recently, the House, the Senate, and the President have each proposed to limit or terminate application of Section 1031 of the Internal Revenue Code.
Continue ReadingAppreciating Assets--Choose the Right Entity
There are two ways an asset can appreciate. Some appreciate both ways.
Continue ReadingThe Challenges of Transactions Involving Trusts or Trust Property
Some loan transactions may involve trusts as borrowers, guarantors or pledgers of collateral.
Continue ReadingConservation Easements, Look Twice and Never Leap
The US Congress is considering making permanent the enhanced charitable deduction for conservation easements.
Continue ReadingPatent Law Continues to Unite an Otherwise Divided Supreme Court
One area of law appears to unite both ends of the Court's political spectrum--patent law.
Continue ReadingThe IRS Has Kicked Another Hornet's Nest
Before December 2013, a developer rehabilitating a historic building in VA could have raised about 40% of his rehab costs from outside parties.
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