What is a Latent Defect in Construction Government Contracts

Know the Difference Between Latent vs Patent Defect Government Construction Claims Many contractors often ask what is a latent defect? Knowing the answer is essential to your decision on whether or not to litigate the dispute. Latent defects on government contracts can severely impact the cost of performance both for the… Read more »

Limited Liability Company LLC Advantages and Disadvantages

Understand the Basic Steps to Forming an LLC in Colorado However, depending upon the business’ goals and structure, there could be some pros and cons when you are creating an LLC in Colorado.  Understanding LLC advantages and disadvantages is a critical step to take before starting a business. Limited Liability Company LLC… Read more »

What Is Business Law?

The legal analysis of Business law includes regulatory and statutory guidelines to which owners must comply. For example, under Colorado business laws include regulations that govern limited liability companies, business partnerships and more.   If you are operating a commercial business that includes the sale of goods, understanding the basic principles of… Read more »

What is Discrimination in the Workplace?

Information for Employers Knowing what is discrimination is valuable information for employer defense. The most easily understood type of employer discrimination in the workplace is “disparate treatment.” As an employer, you can find yourself defending a lawsuit just because you (your company) treated some people less favorably than others because… Read more »

Basic Difference Between Bilateral and Unilateral Contracts

Unilateral contracts are vastly different than bilateral contracts. The elements of a contract are previously discussed in our Contracts article.  There are two main types of contracts: bilateral and unilateral. A Promise for Performance. By comparing the difference between Bilateral and Unilateral Contracts, a bilateral contract constitutes a promise for… Read more »

Commercial Litigation – Ten Commandments for CEO’s

When it comes to commercial litigation, as a CEO and business owner, you often think that being able to call an attorney gives you a piece of mind to sleep at night. Although there is some comfort and truth to this, the question really becomes what can you do now so… Read more »

Contract Attorneys – How Can They Help?

Contract attorneys should  help you to anticipate problems and be able to draft proper terms or advise you on whether or not to execute the contract or even what constitutes a breach of contract. For example, when you are starting a new business, many entrepreneurs decide to draft contracts from the… Read more »

Affirmative Defenses to Breach of Contract Claims

Pleading the proper affirmative breach of contract defenses are important when another party files a case but you actually have a legal reason for not completing the contract. In contract litigation, there are certain affirmative breach of contract remedies you can assert at trial.   By proving viable contract defenses to the required… Read more »

What is a Limited Partnership?

A Limited Partnership, as compared to a general partnership, is formed by two or more people doing business. At least a person must act as the general partner. That person must have actual management authority for the day-day- activities of the company. This is in direct comparison to the other person(s)… Read more »

What is a Contract? Legal Binding Contract Terms and Definition

What is a contract? It is an agreement between two or more persons or entities which creates a legal obligation to do, or not do, a particular thing. In addition to having legally binding contract terms, a legally enforceable contract must have (i) a subject / offer, (ii) consideration, and (iii) two or more… Read more »