When in doubt, include the information. It’s always better to overspecify than underspecify. Specificity is a must when drafting clear language in a purchase agreement. Any ambiguity can spell trouble for everyone involved. Purchase agreement disclosures ...
insert the name, title and address of the recipient. Whether you align the addresses on the left or right of the page depends on the visual style of the letter. Drop down one more line to insert the salutation and another line to begin the body of the letter. After the body, drop dow...
Politely asking your neighbor if you can trim back the tree is the wisest course of action, instead of asking them to trim it. Your neighbor may not be as thorough as you would like them to be. If your neighbor refuses to allow you to trim the tree, some cities have bylaws or ...
The agreement also can spell out rules for holding meetings of the members. Detail Financial Practices An operating agreement should define the practices the LLC will employ to handle finances. Rather than the default rule that any member can write a check from the account, the agreement can ...
Rule #1 – YOU HAVE TO BE ABLE TO SPELL “H-34” Rule #2 – SEE RULE #1 ABOVE As for my OJT, I didn’t have a clue about hotel and catering contracts. I learned early on to read the fine print, more than once. Long story short, the hotels hold all the cards and have beauco...
Do they spell out clearly how to deal with governance issues? Or do they create uncertainty for those who have to implement them? Most nonprofits don't spend a lot of time looking at their Bylaws until there is a question or a dispute. That's when you need bylaws that are clear and ...
A management plan will clearly spell out the details of the actual or perceived conflict of interest. The plan will detail what the affected board director must do or refrain from doing to address the conflict. The plan will spell out how the company is addressing an actual, potential or per...
Furthermore, many banks won’t let you open a business bank account without one. Your operating agreement can also spell out what you want to happen to the business if you die or become incapacitated. Occasionally, someone will take an LLC owner to court to try to prove that the owner an...
To participate in decision-making, there are several steps you can take. First, familiarize yourself with the association’s governing documents, such as the bylaws, rules, and regulations. This will give you a clear understanding of the decision-making processes and procedures. ...
Ask the current board president what, if any, vacancies are coming up and how many positions will need to be filled. The master deed and bylaws should spell out necessary eligibility to run for a board position as well as regulations and deadlines for adding your name to the ballot and for...