Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
In the high stakes business world, non-compete agreements are an important tool for businesses to protect their client lists, goodwill, and pricing models. Without a strong non-compete agreement, losing a …
Non-Compete Agreements: An Important Business Tool Read MoreThe Michigan Court of Appeals recently issued an opinion that will make employers think twice about resignation procedures for employees. In Robbins v. Sault Ste. Marie Tribe of Chippewa Indians …
Can An Employer Fire An Employee By Accepting a Resignation? Read MoreA tenant of real estate often wants the right to purchase the property if the landlord decides to sell. One common technique is to have the landlord grant the tenant …
Enforcing the Right of First Refusal Read MoreOne of the main reasons to establish a corporation is to avoid personal liability for the corporation’s debts. However, the protection may not be available if there was some defect …
De Facto Corporation Doctrine Also Applies to an LLC Read MoreA mortgage has priority over other liens on the property from the date it is recorded with the Register of Deeds. The mortgage can also have priority for amounts advanced …
To Quality as a Future Advance Mortgage, Correct Language Must By Included in the Recorded Mortgage Read MoreMany contracts have default provisions. These provisions set forth what actions or inaction must occur for a party to default under the Agreement and for the non-defaulting party to be …
Effective Cross Default Provisions Read MoreContrary to popular belief, employers are not obligated to provide severance pay upon an employee’s termination of employment due to a layoff. If an employer does choose to provide severance …
What You Need to Know About Severance Agreements Read MoreSometimes it’s easier to agree to something verbally, rather than put the agreement in writing. This is not usually a good business practice, however, because many problems can arise from …
Always Get it in Writing… Understanding the Statute of Frauds Read MoreIn a previous article we had examined the fact that the Michigan Court of Appeals affirmed the common law principle that contract provisions that shorten the statutory period for bringing …
A Contract Could Effect Damages in a Lawsuit Read MoreIn all aspects of business and contracting, but especially after a lawsuit has been filed or threatened, one party may approach the other party with a comprehensive release agreement as …
Don’t Sign Away Unrelated Rights on Release Agreements Read More