Category Archives: Contracts

ANOTHER BLOW AGAINST MANDATORY CONSUMER ARBITRATION

As we have previously discussed in BE(A)WARE OF CONSUMER ARBITRATION CLAUSES consumer arbitration is coming under increasing attack as a dispute resolution mechanism. The federal agency that controls Medicare and Medicaid funding recently banned the use of mandatory arbitration for the resolution of disputes between nursing homes and their residents, further calling into question the… Read More »

PURCHASING OR SELLING A HOUSE IN CONNECTICUT – PART 3: YOU HAVE A PURCHASE AND SALE AGREEMENT – WHAT’S NEXT?

Parts 1 (Overview of Offer) and 2 (Provisions in your offer & contract) in this blog series discussed the offer to purchase and important contract provisions. Now that you have a signed contract, what’s next? Once you have a signed agreement, a buyer has some important jobs. As explained in Part 2, your contract will… Read More »

SHOULD I COSIGN A LOAN?

Cosigning a note always involves the inherent risk of being a co-borrower.  A cosigner takes the risk that the other party will not pay the note.  Cosigning also affects your credit (credit reports do not distinguish between signing and cosigning).  Cosigning for someone else may have significant other effects such as gift tax implications and/or… Read More »

SELLING A MULTI-FAMILY PROPERTY IN CONNECTICUT? BUYER MUST SIGN NEW FAIR HOUSING FORM

Effective September 1, 2016, there is a new form a prospective buyer of a residential multi-family property in Connecticut must sign. The form advises the potential buyer of certain fair housing laws that are applicable when offering property for rent in Connecticut. The form must be provided by the seller, signed by the prospective purchaser,… Read More »

BE(A)WARE OF CONSUMER ARBITRATION CLAUSES

Every year, billions of business transactions occur. Not surprisingly, some disputes arise between the businesses and the consumers involved in those transactions. What is surprising to many is that sometimes any legal claims a consumer may have against a business cannot be pursued in court. The reason: a consumer arbitration clause. Many contracts and terms… Read More »

WHAT IS COMMERCIAL ARBITRATION?

Commercial Arbitration is the submission of a dispute by agreement of business parties to a neutral third person, whom the parties have chosen to rule on their dispute. The disputing parties agreed in advance to comply with that person’s decision. Arbitration is one of several types of proceedings referred to as Alternative Dispute Resolution or… Read More »

SIGNING A NURSING HOME ADMISSION AGREEMENT AS A RESPONSIBLE PARTY

There may come a time in your life when you may need to sign a nursing home admission agreement in order for a close family member to be entered into a nursing home facility, which scenario would likely occur at a very stressful time in your life. The nursing home might require that the admission… Read More »

PURCHASING OR SELLING A HOUSE IN CONNECTICUT – Part 2: Important Provisions in your Offer and Contract

As explained in Part 1, an offer to purchase real estate is often made on a contract form, with much of the standard ‘boilerplate’ contract language already completed. However, there are certain provisions that are unique to each transaction. In most of Connecticut outside of Fairfield County, a real estate agent assists the buyer in… Read More »

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