I was helping an old friend of mine’s son and daughter-in-law with their home purchase. The house that most caught their fancy, and the one they eventually purchased, was a flip. Now, I have a lot to say about flipped houses, primarily based upon the volume of litigation that I have handled arising from the purchase of flipped homes. For purposes of this story, let me just say that I was very concerned that my friend’s son and daughter-in-law would later regret their purchase or have serious problems. And so, I embark on my mission, full of advice.
Professionals
Your Real Estate Seller May Not Have a Dime’s Worth of Recourse!
In those good ole days of real estate transactions, offers were also accompanied by deposit checks. There was no place on the standard agreement to accommodate today’s practice of transmitting deposits “within ___ days (5 if not specified) from execution.” It is evident from the many inquiries on this topic, that today’s practice leaves sellers vulnerable, for at least those first days. To protect sellers, the realtor practice of accepting offers, with a deposit, constitutes the sole remedy available to a seller in the event of buyer default.
There’s a New I-9 in Town
Starting on September 18, 2017, all employers will be required to have completed a new I-9 Form for every NEW employee. However, you can start using the new form immediately.
The Defend Trade Secrets Act: Do Your Employment Documents and Policies Comply?
The Federal Defend Trade Secrets Act (DTSA) was amended on May 11, 2016, effective immediately. The newly amended law contains a whistleblower clause that provides immunity for the disclosure of trade secrets to government officials for the sole purpose of reporting violations of the law.
Revised Rules Regarding Garnishment of Federal Benefits
The final interim rule governing garnishments of accounts containing certain federal benefits has been amended.
Will Your Business Be a Victim of Cybersquatting?
The protection of your company’s online identity is more important than ever before.
Stacking Coverage Limits
This is the third in a series of three articles dealing with some of the major decisions facing automobile insurance consumers when buying their car insurance. The third topic deals with coverage “stacking.”
Underinsured Motorist Coverage
The minimum amount of liability insurance coverage required to satisfy Pennsylvania’s Financial Responsibility law is $15,000 for bodily injury to, or death of, one (1) person in any one (1) accident and $30,000 for bodily injury to, or death of, two (2) or more persons in any one (1) accident, subject to the $15,000 per person limit.
Don’t Give Up Your Right to Full Tort Protection
There are few more disappointing conversations that I’ve had to have with clients than letting them know they cannot recover their losses caused by another driver in a motor vehicle collision because the client has selected the “limited tort” option on their policy of insurance.
Should I Be Concerned about Using Online Legal Forms for My Business?
Tom Archer was featured in the Ask A Lawyer section of a recent issue of the Central Penn Business Journal. His comments focused on the pitfalls of using online legal documents.
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