Category Archives: Business Law

Business laws cover everything which has to do with the conduct of business. These laws governs starting and managing a business, as well as transactions such as contracts and sales documents. Employment and collection matters are also covered under business law.

We submitted a “Acceptance Form and Release” concerning a dispute.

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We submitted a “Acceptance Form and Release” concerning a dispute. That form was sent back to us because we “redacted” the “Hold Harmless Clause” paragraph. i…e….they said quote “we cannot accept this form as a valid signed Release”.

We believe we as litigants “have a right” to protect our right to sue in the future should any other findings of facts come out.

Are we right or is the Claims Administrator correct? We want them to re-negotiate the money amount and we are at a dead end on our part. Also, the company, and (subsidary) we believe is also covered because the Clause implies any “affiliates”. We especially want to sue them because they were not a part of the original case. We won the case, but three yrs. later we are still going at it. The class action lawsuit was in WV and we live in Nevada.

Today is Saturday, April 17, 2010 @ 1615 hrs.

Thanks,
Arturo

D&O insurance for LLC member managers Our LLC Operating Agreement provides…

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D&O insurance for LLC member managers
Our LLC Operating Agreement provides indemnification for the chairman and management committee members however they feel that if something should happen that one or more of them should face a law suit therefore needing a legal defense and perhaps ultimately a settlement being made that Directors and Officers insurance is necessary to protect them and the assets of the LLC. My question is this a wise decision or do the Colorado limited liability laws afford the necessary protections?