North Carolina’s federal appellate circuit court issued a 2017 employment law decision which is causing ripple effects in the construction industry concerning the way general contractors structure their subcontractor relationships. In Salinas v. Commercial Interiors, the 4th Circuit issued a…
By now, many who receive the HSC newsletter are aware that 2018 proved to be a year of challenges and transitions for this law firm. We weathered those storms and are working through 2019 with a positive outlook about the…
October 2018 has been a time of change for our law firm. Hannah Sheridan & Cochran, LLP is pleased to announce the arrival of Emily Anne Buttrick and Bethany Sneed as part of our team. At the same time, we…
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…
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…
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…
By: Paul A. Sheridan Many of our clients deal with municipal, county, and State agencies on a regular basis as part of their day to day business transactions. Occasionally an individual or business can sustain an injury as the result…
Every now and then the listserv for the North Carolina Bar Association’s Bankruptcy Section lights up with a discussion which is of interest to creditors. One such discussion occurred recently regarding the duty of a creditor to report payments to…
Confusion often exists as to the differences between the multiple types of guaranty agreements and suretyship agreements in North Carolina. Although subtle differences can dictate when the liability of a party may be triggered, they do share some initial similarities. …
The Federal Reserve administers a key economic indicator, the federal-funds rate. Banks use the federal-funds rate to conduct overnight transactions which trade account balances maintained at the Federal Reserve. When the Fed raises this key rate, personal and business loan…
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…
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…
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…
So, a Sheriff returns a Writ of Execution and reports that no assets were found by which the judgment could be satisfied. To many creditors, that is the point where they give up, write off the debt and assume that…
All too often, desires to “get the deal done” or “get it signed” or “get it built” result in poor contractual administration and eventual (often avoidable) problems. That is somewhat understandable, given the fact that most contractual arrangements begin with…