Benefits of Buying and Selling Under a Land Contract (Owner Financing)

by Virteom | Apr 5, 2021 | Contract Law

A land contract is an agreement between a buyer and seller where the owner provides financing to the seller. In most scenarios, the buyer makes monthly payments to the seller over an agreed upon period of time, and then a balloon payment is paid later to complete the...

The Importance of Written Business Contracts

by Virteom | Feb 11, 2021 | Contract Law

Daniel Ross and Associates is here to help Northeast Ohio business owners manage the legal aspects of their company. Whether you have a new or existing business, having proper contracts in place is essential. Our team is here to ensure your contracts represent your...

Should You Make Mandatory Arbitration Part of Your Business Contract?

by Daniel Ross | Jun 20, 2018 | Business Formation & Development, Contract Law, General Practice

Previously, we introduced alternative dispute resolution and reviewed the approach to mandatory mediation clauses in business contracts. Arbitration is, of course, the other main body of ADR. And like mediation, arbitration can be written into a business contract in...

Mediation Clauses in Your Business Contracts and How They Can Help Or Hurt

by Daniel Ross | May 26, 2018 | Business Formation & Development, Contract Law, General Practice

Dispute resolution has a favorite son, and despite Americans’ litigious nature, it’s not the courtroom. Alternative Dispute Resolution, or ADR, is a combination of the informal mechanisms of mediation and arbitration which provide an alternative to trial and alleviate...

Agreements to Agree: What Can You Rely On?

by Daniel Ross | May 26, 2018 | Contract Law, General Practice

There are plenty of reasons for “agreeing to agree.” The future is hard to forecast; we don’t want a hang-up to impede a venture in the here-and-now; and a dozen others. I don’t need to tell you that this invites uncertainty into your business relationships. But at...

Making a Choice of Law for Your Business Contract

by Daniel Ross | Apr 16, 2018 | Business Formation & Development, Contract Law, General Practice, Intellectual Property

Each state has its own local laws which control how businesses can operate, how business partners can cooperate, and how disputes over contracts are settled in court. Interestingly, business relations have the ability to choose which state laws they want to govern...