Administrative Leave is a common practice used by companies when they are investigating claims that are more severe or emotionally charged. The purpose of an Administrative Leave is to remove the accused party or parties from the workplace, ensuring the safety of the workforce and allowing for a thorough and untainted investigation to occur. The leave protects individuals who may …
Terminating Leases Early
Common questions that arise when clients inherit or purchase rental properties/commercial real estate often center around the leases associated with the property. I came across one such question the other day that had to do with a client who had inherited an apartment complex and wanted to terminate the leases as quickly as possible in order to sell the property …
Are you dealing with an “Ike”?
Image Source: Rob Mieremet / Anefo [CC BY-SA 3.0], via Wikimedia Commons In 2007, Ike Turner died leaving a large estate and several friends and family claiming it as their own. Due to the lack of legal documentation and representation he left his estate in the hands of the state to determine the heir to his fortune. Who is entitled …
Why You Need a Buy-Sell Agreement
Changes in small business ownership can be costly, and negatively impact the business. If you are in a small business partnership, you should establish a buy-sell agreement to pre-determine what will happen if one of the partners leaves the business. You may not anticipate that either of you will leave; however, death, divorce, changes in circumstance, a risky economy and …
Contract Tip: Understanding the Offer
Contract law can be a confusing mess, especially for busy business leaders. It pays, however, to know some of the basics of contract law in running a business. Such basic knowledge will help avoid potential liability or disaster down the road. If you don’t already know what a contract is, it is a “bargained for exchange of value” between two …
Business Tips: Building Your Business and Avoiding Halting Debt (Pt. 1)
The saying, “It takes money to make money” generally is true. It might be safer to say that it takes some risk to earn some reward. Most who want to start a business in New Mexico are looking to create financial stability, not to acquire insurmountable debt. Therefore, it is crucial not to fall to into the trap of spending …
Choosing the Right Representation – What to look for in a lawyer
“You’ll be hearing from my lawyer,” “don’t say another word until you talk to your lawyer,” “I’ll have my lawyer contact you,” – – anyone who’s grown up watching television dramas, or watched or read any of John Grisham’s films or books is familiar with this legal vernacular. But how do you obtain a lawyer, does everyone need a lawyer …
SKM Law, Business Litigation Attorneys, Have Changed Their Name to Business Law Southwest
Albuquerque, NM – August 13, 2013 – The law firm Streubel, Kochersberger and Mortimer LLC has changed the name of the practice to Business Law Southwest LLC, a name they feel better conveys the firm’s expertise in business litigation and their regional presence in New Mexico, Colorado and Texas. The name change is due to the departure of one of …
