IMPORTANCE OF ENTITY PROTECTION – LIMITED PERSONAL LIABILITY
EARLY INVOLVEMENT OF YOUR NEVADA BUSINESS LAWYER IS ESSENTIAL
Drafting Operating Agreements and Effects of Handwritten Amendments (continued)
1. Vague and open to interpretation
When a contract is vague and ambiguous courts will go beyond the language of the agreement to consider the intent of the parties. A contract is ambiguous when it is subject to more than one reasonable interpretation. This “intent” is discovered in light of the situation existing at the agreement’s execution. As such, the intent of the parties is subject to interpretation, which could lead to negative results for all parties involved. In order to limit the chance that your agreement could be subjected to interpretation by a court, it is important to retain the services of an attorney.
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.
EARLY INVOLVEMENT OF YOUR NEVADA BUSINESS LAWYER IS ESSENTIAL
Drafting Operating Agreements and Effects of Handwritten Amendments (continued)
1. Vague and open to interpretation
When a contract is vague and ambiguous courts will go beyond the language of the agreement to consider the intent of the parties. A contract is ambiguous when it is subject to more than one reasonable interpretation. This “intent” is discovered in light of the situation existing at the agreement’s execution. As such, the intent of the parties is subject to interpretation, which could lead to negative results for all parties involved. In order to limit the chance that your agreement could be subjected to interpretation by a court, it is important to retain the services of an attorney.
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.
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