If you are dealing with a real estate dispute, mediation or arbitration might be in your future. So, what are these two processes, and how do they differ? Mediation and arbitration are both alternative dispute resolution methods that can be used to deal with various real estate disputes. Mediation is relatively informal compared to arbitration. With a neutral third party to facilitate, mediation involves negotiations and discussions between those involved in the dispute. Arbitration also involves a third party, the arbitrator. This individual will act similarly to a judge and consider argument ..read more

Real estate transactions are complicated matters. If you’ve already given a deposit to a seller and a problem arises, who holds the earnest money? Earnest money is the deposit a buyer gives to a seller before a real estate transaction is finalized. The money is held in an escrow account by the seller during this time. If there is a dispute, the money will remain in the escrow account until the dispute is settled. If the buyer has a legitimate reason to walk away from the sale, such as if the home fails inspection, the earnest money will be returned to the buyer. However, if the buyer does not ..read more

Real estate transactions can be highly complicated. Unfortunately, when mistakes are made during the execution of these transactions, serious harm can occur. Real estate agents and brokers can be liable in transaction disputes in Maryland. For example, they may be held responsible for providing inaccurate information, failing to disclose important details regarding a property, or mishandling transactions in real estate disputes. If you suffered damages because of misconduct exhibited by a real estate agent or broker, then the team at our firm can evaluate your potential claim for compensation ..read more

There are many reasons that people may wish to break their commercial leases before scheduled termination dates. For example, a tenant may wish to cancel a lease because their landlord failed to make certain disclosures regarding their premises. Further, a landlord may wish to break a lease because of a dispute regarding the use of their property. A commercial lease in Maryland may include a specific clause that provides parties with potential options for termination. However, if no such clause exists, then the process for cancellation can become more complex. When seeking to cancel a commerci ..read more

There are several reasons you may want to remove yourself from a business partnership. For example, you may have disagreements about your business strategies or concerns that someone else is not carrying their weight. To remove yourself from a business partnership in Maryland, you must first examine your partnership agreement for any procedures that must be followed when someone is leaving the partnership. If an operating agreement was not created for your partnership or it is insufficiently detailed, then you may need to go to court to address unresolved issues regarding your departure. If yo ..read more

If someone fails to live up to their fiduciary duties, then they may be held liable for the harm they caused. However, the process for proving a breach of fiduciary duty can be complex. In Maryland, you can sue for breach of fiduciary duty if you can prove that a fiduciary relationship existed, a fiduciary duty was breached, and that you were harmed because of that breach. If your claim for breach of fiduciary duties succeeds, you may obtain monetary damages and the defendant may face penalties such as revocation of their business license. If you need to sue for breach of fiduciary duty in Mar ..read more

Buying commercial property is often a complex and stressful process. One of the things that makes commercial property purchases so stressful is the number of fees a buyer is required to pay before finalizing the agreement. When buying commercial property in Maryland, you will need to pay several fees for various services before an agreement can be finalized. Most of these costs will be included in your closing costs, but could be high depending on the services needed. Some fees will be for reports while other will go to processing services. Speak with our Maryland commercial litigation attorne ..read more

There are several reasons that business partners may want to fire one of their colleagues. For instance, partners may wish to break up because of concerns about one partner’s contributions, disagreements about fundamental business decisions, or issues regarding compatibility of working styles. Depending on the terms of your partnership agreement, you may be able to initiate the mandatory buyout of your business partner in Maryland if certain conditions have been satisfied. If your dispute cannot be resolved and your operating agreement does not establish terms for a buyout, then you may have t ..read more

In the course of business, disputes may arise that affect the state of the company which are critical to resolve. One example of this might be where one member of an LLC wants to dissolve the entity, but other members disagree. Barring any specific provisions in the organizing documents of the LLC, Maryland law only allows dissolution if the members are unanimous. If there is disagreement among the members, however, you still may have the ability to petition a court to order the dissolution of the LLC. You should not have to take on these complex and substantial issues without help. To discuss ..read more

Purchases and sales of real estate are some of the most complicated contractual agreements that most people and businesses will experience. Buying or selling a house or commercial property involves multiple stages of agreements, culminating with a closing. However, there are a variety of factors that could lead to one of the parties not being ready to close on the specified closing date. In these cases, you can still preserve the agreement by taking careful and measured contractual steps. Otherwise, handling the matter could become quite tricky. With any contractual dealings as important as th ..read more