“Exit arrangements” refer to the strategies and agreements that business owners and investors use to leave their current position in a company. These strategies can be crucial to an orderly transition of power and control when someone wants to retire, liquidate their...
Year: 2023
What are the top reasons eminent domain is used?
Eminent domain is the process by which the government can take land from private landowners. This is a controversial process because many people believe that this is essentially an infringement on their rights. They do not want the government to be able to just take...
Farmers say TDOT isn’t giving them a fair price for their land
The multi-billion-dollar Ford Motor Co. plant that’s being built just outside Memphis, which the vehicle manufacturer has named BlueOval City, will be a central site for making the company’s electric vehicles (EVs). Ford has called the planned 4,100 acre facility its...
Important considerations when drafting construction contracts
Establishing a solid contractual foundation is crucial before embarking on a construction project. Construction contracts lay the groundwork for a successful project, ensuring clarity, protection and a smooth working relationship between the parties involved. However,...
Can you just tell the government “no” to taking your land?
The rights afforded to the government under the doctrine of eminent domain are quite far-reaching. This can make it quite difficult to stop them from taking the land if they can prove they are justified in taking it and they pay just compensation. So, what rights do...
What exactly constitutes “public use” in eminent domain cases?
The United States Constitution gives the Government the right to take privately owned property through the power of eminent domain. This doesn’t mean that it has the right to come along and take any property it likes, it must be for “public use” and the owner must be...
Why is it legally unwise to ignore a potential business dispute?
Running a successful business involves juggling multiple critical matters at once. It can be hard to determine what issues need immediate attention and what you can put on the back burner for a while. You might be tempted to ignore a brewing dispute, but doing so is...
Should you include a morals clause in your employment contracts?
It used to be that “morals clauses” were for well-known people like actors, newscasters, athletes or others whose atrocious behavior in their personal life could potentially cost their employer millions of dollars in lost income. These days, the Internet can make...
Can you terminate a contractor after substantial completion?
The term “substantial completion” typically appears at least once in any construction contract. It is used to determine a whole host of things. It typically means the same thing in every state. Under Tennessee law, it’s defined as the “degree of completion of a...
How to tell an eminent domain compensation is unfair
If the government or any other condemning authority wants to acquire your land, they should follow the correct procedures and pay you just compensation. Unfortunately, eminent domain has been associated with unfair practices. Thus, you should be careful when your land...