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Law Offices of Peter V. Lathouris LLC

Business Succession Mistakes That Lead to Probate Battles

Business succession can be an emotionally charged process, especially when a family business or closely held company is involved. Many business owners pour their heart and soul into their company, but when it comes time to pass it on, decisions that aren’t fully thought through can create long-lasting conflicts.
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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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