There aren't many business leaders in Nevada who enter into contractual relationships with other entities thinking "This isn't going to work out." On the contrary, most business relationships are developed through good faith negotiations and soundly drafted contracts. However, sometimes a breach of contract issue arises no matter how well the business relationship is going.
Anyone in Nevada who has been party to a real estate transaction -- either residential or commercial -- knows that these types of transactions can be complicated, with many different moving parts before it is all said and done. For starters, there is the anxiety and excitement of actually attempting to find a parcel of property to purchase. Next, it is the contemplation of the sale price and whether or not it is realistic. And then, most crucially, comes the time to make an offer to purchase the real estate.
The parties involved in a real estate transaction usual enter the negotiations with the best intentions in mind. However, best intentions sometimes are not enough to avoid the eventuality of a real estate dispute arising from a transaction. The myriad causes of these disputes can leave buyers and sellers alike pondering their options.
One of the main reasons that Nevada residents make comprehensive estate plans is to avoid the potential for probate litigation when the time for the plan to be implemented comes. No one likes to think of their heirs and beneficiaries being tied up in the probate court system fighting over assets. However, the reality is that probate litigation is common enough. So, what are the common causes of probate litigation in Nevada?
Launching a new business is an exciting time, but it is a legally and financially complex process as well. There are important decisions to make, and one of these choices will be to decide which type of business structure works best for your Nevada company. If you are starting a business with another person, a partnership is likely the most appropriate structure choice.
"Good fences make good neighbors" is an old saying that many of our readers in Nevada have probably heard before. But, unfortunately, neighbors may not do the appropriate amount of research prior to building a fence, for example. This can lead to a good example of how a property dispute starts.