PLDO Law Blog

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Terminating Your Interest in a Charitable Trust

Terminating Your Interest in a Charitable Trust

A charitable remainder trust (“CRT”) is typically established as an irrevocable trust with an income stream reserved for the person who creates the trust (“the grantor”). When the income stream terminates, the remaining interest in the trust is donated to a charity. A...

Courts Start To Weigh In On COVID-19 Lawsuits

Courts Start To Weigh In On COVID-19 Lawsuits

PLDO recently issued an advisory about the forthcoming explosion of lawsuits arising out of the coronavirus pandemic. Specifically, the article addressed the legal concept of “force majeure” and predicted that many businesses will claim that the pandemic prevented...

CAN A CYBERATTACK EXCUSE PERFORMANCE UNDER A CONTRACT?

One of the biggest threats businesses now face are cyberattacks and ransomware. Daily, we see headlines about companies and government agencies being hit with ransomware attacks that cripple victims until they either pay the ransom or rebuild their systems. No sector...

CONSIDERATIONS FOR NEGOTIATING COMMERCIAL LEASES

While some of the provisions contained in commercial lease agreements may be considered commonplace or “boilerplate” language, there are certain issues that require specific attention, depending upon your position in such transactions as the landlord/lessor or the...

PLANNING FOR THE MORTALITY OF A CLOSELY-HELD BUSINESS

When launching a new business venture, it is likely (and more fun) to focus on strategic planning, growth and implementation. However, it is vital in the early stages to give serious consideration to an exit strategy and business succession plan. Business structures...