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Low Man on the Totem Pole
Imagine that you are a subcontractor, and you just received notice that the general contractor on one of your projects is filing for bankruptcy protection. Or perhaps it's the developer or property owner who's out of funds. Either way, you have invested time, labor, and materials into a project that will probably never be completed, and your chances of collecting payment are getting slimmer with each passing day.
The frequency of this scenario has increased as both the economy and the construction industry continue to suffer. As more projects are abandoned, more subcontractors are being harmed.
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The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.