Unfortunately, perfect planning does not always ensure perfect results. At Marsheck Law, LLC, we understand this concept as it applies to business relationships. We are here to assist clients with the formation of new business entities, preparation and review of legal documents, as well as litigate business disputes.
Generally, a Resident Agent is an individual or business entity authorized to receive legal documents and notifications on behalf of a business entity. Business entities formed in Maryland are generally required to name resident agent.
An Operating Agreement is a legal document that generally details the internal management, structure and dispute resolution of a Limited Liability Company (LLC). The founders of a LLC, generally known as Members, adopt these provisions under which the entity operates. Similarly, corporate bylaws generally set forth provisions under which a corporation structured and managed. Instead of Members, corporate are generally adopted by a board of directors selected by shareholders.
Generally, a valid, binding contract requires an offer, acceptance and consideration. After a legally binding contract is formed, the contract generally is considered breached if party fails to perform the conditions or provisions of the contract.
First and foremost, consideration is an unique legal term that differs from its common definition. Consideration generally refers to an action or promise, which an individual is not otherwise required to legally perform, in exchange for another’s action or promise. An experienced lawyer can assist individuals in determining if a legally binding contract exists between two parties, if that contract has been breached and the damages associated with said breach.
At Marsheck Law, LLC, we happily serve the Harford County community and central and northeastern Maryland counties with multiple business related concerns.
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