A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement,the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. What...
A real estate purchase agreement legally binds a buyer and a seller into a home sale. Learn what's included in a home purchase agreement and more.
What is a business license? Business License: In order to open a new business, you have a lot of work to do in planning the business, organizing its structure, and securing financing. Businesses need a lot of forethought put into them and time in order to operate successfully and there ca...
How does a corporation differ from a partnership? What is a guarantor agreement? What is a limited partnership investment? What is a non-compete agreement? What is a limited partnership in real estate? What term is defined as: "Each partner can sign contracts on behalf of the company, with...
What is required for a licensed real estate salesperson to legally operate under a broker in New York? A) The salesperson must pass the broker's own internal examination. B) The salesperson must be listed as an employee on the broker’s business insurance. ...
Conversely, an executory agreement is “signed, sealed, and yet to be delivered.” Companies and individuals can execute a contract in the following scenarios: Services, sales, and purchases Franchise agreement Auto or equipment lease Real estate or property lease Rental agreement Intellectual ...
When it comes to fiduciary duty in real estate, the “confidentiality” portion lasts forever—even after a property is closed on. Unless under legal order or instructed to do so by the client, you can’t disclose any private information about your clients or their finances to anyone. The ...
A business license grants the owner the right to start and run a particular type of business in the city, county, state, or country that issues it. It is a type of permit indicating the company has the government’s approval to operate. Government agencies can fine or shut down a busines...
A listing agreement is a contract between a property owner and a real estate broker authorizing the broker to represent the seller and find a buyer.
If you really want to invest inreal estate, but can’t bear the thought of all the money involved and going through the purchase process, you have options. Wholesale real estate is one of them. It’s a legal strategy concerning the purchase of real estate that you don’t commit to buyi...