Legal Articles

Breach of Promissory Note: Saint Louis, Missouri

Though often confused, promissory notes and contracts are two different types of legal documents. A contract requires an offer, acceptance, and consideration. Consideration is an exchange between two parties/entities — e.g., I pay you rent in exchange for you making an apartment available to me for living space. Breach of contract actions or specific performance…

Contract Disputes

Whether you realize it or not, contracts play a crucial role in our day-to-day lives. Purchasing a TV from a department store forms a contractual relationship. Filling up at the gas station forms a contractual relationship. Things do not always have to be formally reduced to writing to create a legally binding contract, like with…

Foreign Corporations

Because corporations are registered on a state-by-state basis, the rights of a corporation are derived from the powers granted to it by the law of the state in which the corporation was created. In Missouri, when a foreign corporation (i.e., from any other state) seeks to transact business in Missouri, it must first do some…

Family Partnerships & Family Limited liability Companies

A family partnership (FLP) and Family Limited Liability Company (FLLC) are vehicles designed to hold and manage assets that otherwise would be held and managed by individual family members. Quite obviously, only family members — or entities controlled by them (e.g., revocable living trusts or business entities) — will be the partners or members of…

Breach of Lease

A breach of lease is essentially the same thing as a breach of contract. Because a lease is a type of contract, the legal analysis does not change too much, but there are sometimes special statutory laws applicable in interpreting a lease agreement. In general, a legally actionable breach of lease or contract occurs when…

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