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The Value of Community

This past week served as a reminder of the value of community. First, define community. In this case, there are several communities. There is community within the walls of our office where the five of us are family. Then, there…

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The Value of a Professional Attorney

The practice of law represents a constant lesson in human nature. Clients oftentimes visit with us amid difficult personal and financial situations. Our job is to counsel our clients through tough times and provide them with logical options for the…

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The Long and Winding Road of Bankruptcy

As the economy appears to be settling into what we can only presume is the new normal, once again contractors and subcontractors are, from time to time, filing petitions in the bankruptcy court.  A few years ago, everyone was filing…

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Protecting Your Rights: Equipment Supplier Tips

Did you ever consider the challenges which can arise when the equipment you supply has wheels or tracks and is mobile? For rental equipment suppliers, the provisions of Articles 2 and 3 of North Carolina General Statutes Chapter 44A and…

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Whistleblower Claims are Increasing – Beware!

In the past, many whistleblower claims arose out of simple revenge.  A fired or aggrieved employee seeking retribution against his employer for a termination or demotion.  Today, however, people are reporting complaints at an ever-increasing rate under a variety of…

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The Art (and Implications) of the “Short-Pay”

Consider the following scenario: Seller claims $100.00 is due for goods provided.  Buyer claims that only $75.00 is owed.  Buyer then mails a check to Seller for $80.00, marked “paid in full”.  What are the consequences if the Seller deposits…

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Termination for Convenience Clauses

As part of the continuing series of articles identifying important construction contract clauses, perhaps the most impactful clause in a contract can be the standard termination for convenience clause. Imagine this scenario: your firm expended time and material in bidding…

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Tax Season: Understanding the I.R.S.

My first job out of law school was situated two blocks from the White House, working in a cubicle for the Internal Revenue Service.  I worked as a tax lawyer in the Exempt Organizations Group and reviewed organizations for a…

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Strict Non-Compete Agreement Standards Upheld

By:  Chad J. Cochran   Non-compete agreements can have huge ramifications.  Sometimes, they serve to protect a company’s vital clients.  At other times, they prohibit an employee from finding gainful employment to support his family.  As a result, judges generally…

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SERVICEMEMBERS CIVIL RELIEF ACT

Have you ever heard of the Servicemembers Civil Relief Act (SCRA)?  If not, you will as it appears it has reared its head in the court system, again.  The basic premise of the SCRA is to prevent those in the…

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Secured Lending in North Carolina

Generally speaking, secured lending is defined as a loan or extension of credit in which the borrower pledges an asset as collateral for the loan. A secured loan or transaction generally involves a two document system: an acknowledgment of the…

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