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Contract disputes and how to avoid them – Part 2

Contract disputes and how to avoid them – Part 2

But how do courts determine what constitutes a material breach of contract? They refer to a legal treatise called the Restatement (Second) of the Law of Contracts. Completed in 1979, this treatise is one of the most frequently cited in the entire United States justice system – every first year law student in the country learns about it. In combination with the Uniform Commercial Code, the Restatement governs all contracts and sets out the following criteria for a material breach of contract.

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Contract disputes and how to avoid them – Part 1

Contract disputes and how to avoid them – Part 1

We all try to avoid becoming involved in contract disputes, whether as an individual or a business. Unfortunately, that’s not always possible. If you’re dealing with a breach of contract, a contract dispute is sometimes the only way to ensure that your interests are protected. First, let’s learn a bit more about contracts and contract disputes. Then we’ll take a look at some tips for avoiding them in the first place.

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Resolving Business Disputes Through Mediation

Resolving Business Disputes Through Mediation

The question is, when a business dispute arises, what is the best way to proceed? When handled poorly, business disputes can destroy reputations as well as companies. Some business disputes are always going to end up in a courtroom. However, in some cases, mediation is a more effective strategy.

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Foreclosure in the News

Foreclosure in the News

Foreclosure has been in the news a few times lately. First, Black Knight Financial Services released a new report. They found that rates of foreclosure dropped to their lowest level in ten years last month. While this is certainly good news, and a reflection of the recovery we’ve seen in the real estate market since the great recession, it didn’t do much for the nearly 400,000 Americans currently facing foreclosure.

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Child Custody, Visitation, and Support

Child Custody, Visitation, and Support

There are three issues pertaining to child custody in New Mexico – legal custody, physical custody, and visitation. If you need a rundown on the differences between legal and physical custody, head over to our child custody page.

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Divorce Options in New Mexico – Part 2

Divorce Options in New Mexico – Part 2

Divorce mediation is another method of divorce that avoids the time and expense of court proceedings. In a mediated divorce, the couple will hire a neutral mediator to facilitate the negotiation of their divorce. The mediator may be a lawyer, but if they are, they may not have a client relationship with either spouse.

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Divorce Options in New Mexico – Part 1

Divorce Options in New Mexico – Part 1

In New Mexico, we have what is known as unilateral no fault divorce. This means that anyone who wants a divorce can get one, no matter what their reason is or if their spouse also wants the divorce. As long as one party sees irreconcilable differences, the divorce will proceed.

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Bankruptcy Chapters Explained – Part 2

Bankruptcy Chapters Explained – Part 2

The main advantage of Chapter 11 is that no trustee is appointed. Rather, the filer maintains control of their assets or their business throughout the process, becoming what is known as a Debtor in Possession. However, built into this advantage is also the main drawback to a Chapter 11 filing — complexity.

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Bankruptcy Chapters Explained – Part 1

Bankruptcy Chapters Explained – Part 1

Bankruptcy is a complex process. Bankruptcies are handled by a federal court known as the bankruptcy court, and filed under a particular chapter of the bankruptcy code. The most common types of filing for individuals and business are Chapter 7, Chapter 11, and Chapter 13.

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What You Need to Know – Business Disputes

What You Need to Know – Business Disputes

In today’s fast paced, complex global business environment, business disputes are an unfortunate, but often unavoidable, fact of life. All managers dread business disputes, especially those with the potential to end in litigation.

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