Definition of a 1031 Exchange Agreement A 1031 Exchange Agreement is a legally binding contract entered into between a taxpayer and a qualified intermediary (QI) who is designated as an exchange facilitator. The entire structure of the real estate transaction is set through the execution of an agreement that will outline the conditions under which…
California Tint Laws Explained California vehicle tint laws were established in 2001 in an attempt to lower the rate of driving accidents. Officials noted a higher than average accident rate in California, particularly for injuries due to motor vehicle accidents, which could be lowered if drivers had better visibility through tinted windows. Since then, regulations…
Who Retains the Engagement Ring in Florida? The question of who keeps an engagement ring once an engagement is broken off in Florida is governed by case law. It is not a question specifically addressed in any Florida statutes, although that does not mean that the answer is not bound by strict law principles. For…
What Are the Grounds for Divorce in Mississippi? A divorce in Mississippi can be either a fault or no-fault divorce. A fault divorce is one in which the spouse filing for divorce alleges some type of marital misconduct on the part of the defendant spouse. The types of fault alleged by the spouse filing for…
Defining Rent-to-Own Lease Agreement A rent-to-own lease agreement is a residential lease agreement that includes an option for the tenant to purchase the property within a certain time period at an agreed-upon price. Rent-to-own lease agreements are also known as "lease with an option to purchase" and "option to purchase." Sometimes, they are referred to…
Salon Rental Contract Basics A salon rental agreement is a common document used within the hairstyling and nailcare industries. It is used to outline the terms of lease between a commercial hair salon company and an independent, self-employed stylist or stylist group. In some cases, it may be in the form of a hairdressing salon…
Age of Majority Within the State of Mississippi The age of majority, the age at which a person is considered an adult in Mississippi, is 21 years old. Once a person has reached the age of majority, he or she is no longer subject to guardianship or conservatorship and is deemed competent in the eyes…
What Constitutes Legal Basis? The concept of legal basis relates to sources of authority in law. A legal basis sets out the conditions in which coercion is imposed on people with respect to the issue at hand, and provides an explanation or justification for why the issue is being treated in that way. Legal basis…
What Exactly is a Joint Defence Agreement? Joint defence agreements, or JDAs, are tools used by attorneys to facilitate the sharing of privileged information between different parties in order to prepare a defense against a common legal adversary. A JDA promotes the free flow of information between lawyers representing clients with a common interest in…
Delaware Journal Background Inception of the Delaware Journal of Corporate LawThe Delaware Journal of Corporate Law was established in 1975, at a time when the state of Delaware had gained immense global recognition as a leading jurisdiction for corporate law and governance. Its inception marked a vital step in the provision of a communication platform…