Perspectives

Sometimes all you need to navigate the legal landscape is a little information. Our blogs and articles touch on a wide spectrum of legal matters that can pop up in both business and everyday life, and we hope they’ll shed a little light wherever you happen to need it.

2013 Construction Lien and Bond Update

Several states have made  legislative changes to their construction mechanic’s lien and payment bond laws.  This article provides a summary of some of the more significant changes in the state lien and bond laws over the last year.

Do You Conduct Business in MN as a Subcontractor or Supplier?

Effective August 1, 2013, a new Minnesota law will go into effect that forbids general contractors from forcing subcontractors/suppliers to include insurance coverage to cover the negligence or intentional acts or omissions of others on a project. Currently, many subcontract agreements include requirements that force subcontractors/suppliers to purchase extra insurance coverage to cover the negligence and intentional acts of others, relieving the general contractor of liability and passing that liability to the subcontractors/suppliers.

Financial Independence for Married Individuals

Married? If so, let’s read your financial independence barometer.

Marriage brings many things, but for some couples it means one partner giving up a career to care for the home and the children. When this occurs, financial resources (credit, loans, etc.) often become tied to the breadwinner in the relationship. The individual that primarily works in the home frequently doesn’t even think about his or her credit, since the family is financially provided for by the working spouse.

Louisiana’s New Lien Foreclosure Deadline

Effective August 1, 2013, the deadline to file a lien foreclosure lawsuit in Louisiana will be one year from the date the lien is filed. Prior law required the lien foreclosure lawsuit to commence within one year after the date the lien claim was originally due. The prior deadline was often difficult to calculate. While the new law shortens the lien foreclosure deadline, it now provides a definitive date for filing of the foreclosure lawsuit.

Wisconsin’s Motorcycle Laws

Wisconsin is one of a number of states that do not require adult motorcyclists to wear helmets. Under the headgear statute, headgear is only required for people under the age of 18. Wisconsin law does require riders to wear eye protection. This protection could be a face shield attached to the bike, goggles or glasses.

Minnesota’s Motorcycle Laws

Minnesota Laws and Regulations

All motorcycle operators with a license must:

  • Have a valid driver’s license with a motorcycle instruction permit or endorsement.
  • Register their motorcycle and display a valid license plate.
  • Carry liability insurance.
  • Carry proof of insurance when riding.
  • Wear eye protection: face shield, goggles, or glasses. Windshields do not meet legal requirements.

Promissory Notes: My Friend Wants To Borrow Money—What Do I Do?

If you decide to loan money to another person, whether it be a family member, friend, or business associate, you should always have a signed document that lists the terms of the agreement. That document is referred to as a promissory note, and it works to protect all parties involved. As the lender, the document is evidence that the sum of money provided was not intended to be a gift. The borrower is protected because the note will have all of the provisions that the parties agreed upon, and the lender can’t make changes without the borrower’s permission. When drafting your own promissory note, it is important to have the following provisions addressed and included: