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Increasingly, young adults are choosing to put prenuptial agreements in place before they marry. This is no doubt, at least in some cases, at the urging of their parents. Someone who’s less than a decade out of college may think they have no assets worth protecting....
Divorce can significantly alter personal relationships, but it doesn't necessarily have to spell the end for a joint business venture. With that said, it is undeniable that ex-spouses who decide to continue running a business together post-divorce face unique...
Business owners have much to lose in the event of a divorce so many of them safeguard this interest before they get married. Signing a prenuptial agreement with a fiancé is one way to better ensure that a business isn't at risk if they decide to divorce. A prenuptial...
If your Minnesota company is structured as a partnership, it means that you'll have to coexist with at least one other owner. From time to time, even partners who have great working relationships will run into disagreements. Fortunately, there are many steps that you...
In the realm of contract law, an anticipatory breach occurs when one party to a contract informs the other party that they will not be able to fulfill their obligations before the performance is due. In other words, an anticipatory breach is a situation where one...
As a business owner or partner in Minnesota, it is important to understand the potential consequences of a prenuptial agreement in case of a divorce. Prenuptial agreements can protect your assets as well as the assets of your business, but they are not always...
Even in the best circumstances, divorce in Minnesota can be very complicated, with layers of emotions, uncertainties and, sometimes, a sense of relief. At its core, it deals with the legal and financial split between couples. This includes your savings, debts and...
Divorcing your spouse in Minnesota can be the start of a pivotal transition in your life. You may be letting go of your home, many of your assets, and even your current business. However, this may also be the time during which you form plans for a new beginning. You...
In Minnesota, business partnerships are often formed in order to pool resources and share the risk of starting or running a business. However, partnership disputes can be some of the most contentious and difficult legal matters to resolve. If you are facing a...
Liquidated damages are a common feature in construction contracts in Minnesota. They are typically intended to provide a measure of certainty and predictability to the construction process. Construction projects can be complex and tough, but it's important to ensure...