Employers may ask workers to sign non-compete agreements when they take high-level roles in the company or gain access to confidential, proprietary information that gives the employer a competitive advantage in the market. However, creating a legal, enforceable non-compete agreement means the agreement must meet various criteria. Courts may decline to enforce...
Further Updates on Beneficial Ownership Information (BOI) Reporting Requirements under the Corporate Transparency Act (CTA)
Beneficial Ownership Information (BOI) reporting requirements remain temporarily suspended, following a whirlwind of reversals and reinstatements just days before the original January 1, 2025 reporting deadline.
On December 3, 2024, a federal district court issued an injunction temporarily suspending the BOI reporting requirements. The injunction was upheld on appeal,...
Divorce Litigation vs. Divorce Mediation in North Carolina
The end of a marriage often brings significant changes, from financial adjustments to redefining family dynamics. Each couple’s journey is unique, and how they choose to move through the divorce process can have a lasting impact on their future. Whether you’re looking to minimize conflict or need structured guidance through difficult decisions,...
What Is Fraudulent Inducement?
Fraudulent inducement can undermine even the most carefully structured agreements, leaving one party unfairly disadvantaged or misled. This deceptive practice happens when someone is enticed into a contract based on false promises or misrepresentations, and the impact can be significant. Whether it involves financial commitments or business deals, fraudulent inducement can lead...
Corporate Transparency Act: Recent Developments
On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. Tex.), a federal district court in the Eastern District of Texas, issued an order granting a nationwide preliminary injunction that enjoins enforcement of the CTA and its reporting requirements and...
Understanding Non-compete Clauses in Contracts
Non-compete clauses play a significant role in protecting businesses from unfair competition. Whether you’re an employer seeking to protect your business interests or an employee concerned about limitations after leaving a job, it’s important to understand how these agreements work. Both parties need to know what a non-compete clause means and how...
Divorce Preparation To-Do List
Preparing for a divorce can feel overwhelming, especially when emotions are running high and there are countless details to consider. You might be unsure about where to start or what steps will make the process smoother. Taking the time to organize yourself early on can go a long way in making the...
Will a Prior Restraining Order Affect Divorce Outcomes?
If you've had a restraining order during your marriage, you're likely wondering how it could affect your divorce. The court may consider it when deciding things like custody, alimony, or dividing your assets, especially if abuse was involved. This can shape everything from how much time you spend with your children to...
Tips for Negotiating a Favorable Commercial Lease
Negotiating a commercial lease is key in setting up your business for long-term success. The terms you agree to will influence your costs, flexibility, and potential for growth. Whether you're dealing with rent adjustments, renewal clauses, or property maintenance, it's important to approach each aspect thoughtfully. A well-negotiated lease ensures you're...
The Corporate Transparency Act: What North Carolina Businesses Need to Know
The Corporate Transparency Act is a federal law that was enacted in 2021. It is aimed at combating illicit activity like tax fraud and money laundering. This legislation places new obligations on businesses that meet certain criteria.
If your business meets any of these criteria, you should consult with...
