A lis pendens is a public notice indicating that there is pending litigation involving a property. While a lis pendens does not prevent the sale of the property, it is intended to warn potential buyers and can cloud the title to the property. In Florida, a lis pendens expires after one year unless extended by the court if it is unrelated to recorded instruments such as mortgages or construction liens.
Understanding the difference between leasing and purchasing commercial equipment is crucial for business owners. Equipment sale agreements outline the rights and obligations of both parties when equipment is sold, while commercial equipment lease agreements, including capital and operating leases, allow lessees to lease equipment for a specific period.
Failing to seek legal advice early is a costly mistake for entrepreneurs, warns attorney Jeffrey Lieser. Early legal intervention acts as insurance, preventing disputes and mitigating damages. Consulting a business attorney before embarking on contracts, partnerships, or ventures can help prevent disputes, reduce financial risks, and protect your business from potential failure.
