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Law Offices of Peter V Lathouris LLC

Legal Risks of Buying a Property “As-Is”

Buying a home or commercial property is one of the biggest financial decisions you’ll ever make. When a listing says the property is being sold “as-is,” it can stir up a mix of hope and anxiety at the same time. You might be excited about a lower purchase price or a quicker closing, but you may also worry about what could be hiding behind the walls.
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Law Offices of Peter V. Lathouris LLC

When Breach of Contract Becomes Fraud: Legal Thresholds Explained

Disputes over contracts are a frequent challenge for businesses, and not every breach indicates intentional wrongdoing. Sometimes, contractual obligations aren’t met due to miscommunication, delays, or unforeseen circumstances. However, when a breach involves deliberate misrepresentation or deceit, it can cross the line into fraud.
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Law Offices of Peter V Lathouris LLC

Required Dissolution Provisions in Partnership Agreements

Creating a partnership agreement is one of the first and most important steps when starting a business with others. While many people focus on profit sharing and day-to-day operations, it’s just as important to plan for the end of the partnership.  Dissolution provisions outline how a partnership will be wound down, who will handle which responsibilities, and how any remaining debts and assets will be divided. Without clear rules in place, the dissolution of a partnership can lead to confusion, financial loss, and even lawsuits.
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Law Offices of Peter V Lathouris LLC

Navigating Creditor Rights in Commercial Short Sales

In Stamford, Connecticut, commercial short sales represent a significant aspect of property transactions when borrowers fall behind on debt obligations. These transactions involve the sale of commercial property for less than the balance owed on the mortgage. For creditors, short sales present both opportunities and challenges.
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