When utilized in contracts and leases, a liquidated damages clause can serve as a tool to avoid unnecessary litigation. In situations where a party has breached the terms of a lease, the parties can include a liquidated damages clause in order to determine the amount to be paid upon default for dama Continue reading →

This feature originally appeared in the February 23rd edition of the Pittsburgh Business Times. Q: What does it mean to be named a “top 20” unsecured creditor in a bankruptcy filing? Is there anything my company needs to do? Advice: A debtor filing for Chapter 11 must file a list of its 20 lar Continue reading →

This feature originally appeared in the January 19th edition of the Pittsburgh Business Times. Q: What can I do in the New Year to improve revenue? Advice: As the economy improves, the chances of collecting on bad debt or old accounts receivable increases. Many account debtors will be sitting on ad Continue reading →

This feature originally appeared in the December 15th edition of the Pittsburgh Business Times. Q: As a small business owner, I am wary of extending credit to certain customers, but my business depends on it. How can I offer credit to customers, while still protecting my interests?  Advice: Ther Continue reading →

This feature originally appeared in the November 17th edition of the Pittsburgh Business Times.  Q. How do I sell my property but maintain my mineral rights? Advice: The first step is to understand and utilize the correct terminology. The terms “minerals” and “oil and gas” are often used in Continue reading →

This feature originally appeared in the October 27th edition of the Pittsburgh Business Times. Q: My company (or an employee of my company) was just served with a subpoena in a lawsuit that we are not a party to. Why did we receive this and what should we do next? Advice: If you or your company ha Continue reading →