Seven Simple Steps For Contractors To Increase Their Odds of Being Paid
By William A. Levy, Esq.
Are you still waiting to be paid for the gorgeous backyard or pool you created, even though the homeowners have been enjoying it most of the summer? Are you concerned that you may never receive final payment for the tile floor you are currently installing in a local dealership? Are you hesitant to take on a huge office or home remodel because you are worried about ultimately collecting all the fees due to you? Are you just looking for practical safeguards to ensure payment once you have completed a project? Then this article is for you!
So, You Want to Own Your Own Business?
By Jay Young, Esq.
Deciding what type of business entity to form can have a dramatic impact on your business down the road. Certain business entities can shield you from personal liability for the acts and obligations of your business, while others do not. Some require you to adhere strictly to laws and accounting procedures. Most people don't form a business worrying about these formalities - they simply have a good idea how to make money and start marketing in the hopes of surviving as a business. Why not take a minute before you start to decide which best suits your situation?
In This Issue: Workplace Safety Programs
Jay Young, Esq.
Does your company have a Written Safety Program? Did you know that a Written Safety Program is required by law? Every employer in Nevada which has 11 or more employees or which manufactures explosives is required to have a written Safety Program.
Who Has Standing to Make a Construction Defect Claim?
By Micah S. Echols, Esq.
This article addresses some of the basic theories on the issue of HOA standing in construction defect cases: (1) Does an HOA have broad standing to assert construction defect claims on behalf of unit owners, without the unit owners' consent? (2) Is an HOA bound by NRCP 23, concerning class actions, when an HOA pursue claims for unit owners in a representative capacity? and (3) Does an individual unit owner have superior rights over an HOA to assert the same construction defect claims?
The Importance of Time of the Essence Clauses In Real Estate Contracts
When Time Is Not On Your Side
By Erik W. Fox, Esq.
Recently, the Nevada Supreme Court clarified the rights and responsibilities of the buyer and seller in real estate contracts that do not contain Time of the Essence provisions.
In Mayfield v. Koroghli, the Court analyzed a commercial development in Henderson, Nevada where the seller wound up terminating the purchase agreement.[1] Of the two contracts between the buyer and the seller, the second contract failed to include an escrow closing date or a Time of the Essence provision.