Contracts are the backbone of any successful business, providing clarity and legal protection for parties involved in commercial transactions. In Massachusetts, understanding the essentials of business contracts is critical to avoiding disputes and ensuring enforceability. This article explores the key elements of contracts, common issues, and best practices for businesses to safeguard their interests. Key Elements of […]
Phillips, Gerstein & Channen, LLP is teaming up, once again, with Caring Partners’ Coats for Kids & Families To Collect Winter Coats of All Sizes For Those in Need Through January 1st Winter coats needed to fulfill one mission: “Anyone who needs a coat, will have one.” In hard economic times and looming cold weather, […]
Launching and running a business in Massachusetts requires careful planning, particularly when it comes to establishing legally sound agreements. Business contracts form the foundation for protecting both parties’ interests, ensuring clarity in responsibilities, and reducing legal risks and business litigation. Here are five essential business contracts every Massachusetts entrepreneur should be familiar with, each serving […]
A 1031 tax-free exchange, also known as a “like-kind exchange,” is a powerful tool for real estate investors who want to defer capital gains taxes when selling and purchasing investment properties. This tax provision, governed by Section 1031 of the Internal Revenue Code (IRC), allows property owners to reinvest the proceeds from the sale of […]
In Massachusetts, homeowners are offered a significant protective measure against certain types of creditors through the filing of a Declaration of Homestead. Massachusetts real estate law recognizes this declaration as a way to safeguard the equity in your primary residence. Benefits of a Homestead The Declaration of Homestead in Massachusetts protects up to $500,000 of […]
In the business world, mergers and acquisitions (M&A) play a pivotal role in shaping the growth and success of companies. However, navigating the complexities of M&A transactions requires expertise and guidance from seasoned professionals. Our Massachusetts business law attorneys are dedicated to providing insightful assistance in M&A activities. As a small business owner or as […]
Understanding High Net Worth Divorce High net worth divorce carries its unique challenges. Here is an overview of what you might encounter during a high-net-worth divorce and potential strategies to overcome them. High net worth divorce refers to a divorce involving significant assets, whether those are complex financial portfolios, business ownership, real estate, or other […]
As a property owner in Massachusetts, it is essential to understand your rights and options when it comes to managing your real estate holdings. One legal tool that can be used to resolve disputes over shared ownership of property is a petition to partition. We will explain what a petition to partition is, how it […]
The Massachusetts Supreme Judicial Court (SJC) recently made a significant ruling in the case of Cavanaugh vs. Cavanaugh, which has major implications for alimony and child support in divorce cases in the state. The decision clarifies the factors that should be considered when determining whether to modify alimony and child support orders, and it also […]
Fiduciary Fraud: An Abuse of Trust Our legal system appoints fiduciaries to ensure the interests of those who cannot act on their own behalf are represented. When this trust is violated, the consequences can have tremendous financial and legal implications. In this article, we will review what a fiduciary is, how a fiduciary can commit […]
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