Changing The Terms of Compensation

Can an employer change the terms of compensation for an employee after the employee has completed his or her labors? It would seem obvious that this would be unfair, but there is no Indiana case on the issue. Other states have held that an employer cannot change the...

Mortgagee Beware

Most lenders who make real estate loans are well aware of the importance of obtaining a mortgage on any of the real estate that serves as collateral for the real estate loan. By properly recording a mortgage, the lender (mortgagee) has put the world on notice that it...

Understanding The First Breach Doctrine

Businesses deal with contracts on a daily basis. While it is always preferable to have your contracts in writing, oral contracts are enforceable, with certain limited exceptions. This is not news to most of you in the business world. A lesser known tenet of contract...

No personal liability is the goal

When individuals set up corporations and limited liability companies, one of the driving concerns is to prevent any personal liability for that individual for the debts of the business. Furthermore, when someone “buys a business”, the buyer needs to limit or eliminate...