If you fall behind on payments to a creditor for an item like a car, they have the right to “repossess” the vehicle. But what does this mean? How does repossession work, what rights do you have, and how can you avoid it? Let’s discuss this subject in more detail now.
A contract is a legally-binding document that memorializes the terms of an agreement between two or more parties. Contracts detail everything from what is expected of each party, dates for when obligations will be fulfilled, how the obligations will be satisfied, and the venue for resolving any disputes that may arise.
Re-opening your business while COVID-19 remains a significant health threat is risky, but the financial ramifications of keeping your business closed may be just as risky. As you prepare to re-open, it is crucial to have a thorough plan. Without a proactive plan to navigate your reopening, you could be blindsided by a legal issue significant enough to take out your business for good.
In response to COVID-19, the local, state and federal government have created initiatives to help small businesses survive the COVID-19 pandemic by restoring lost revenue with low interest loans and other forms of financial relief.