Letters of Intent: Tools and Traps for Supply Chain Management

INTRODUCTION Letters of intent are pre-contract documents. They take many forms and go by different names, including term sheets, memoranda of understanding, commitment letters, and award letters[1] (this paper will use the term “letter of intent” to refer to all such pre-contract documents). Companies use letters of intent as a versatile tool to meet the …

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Islamic Estate Planning Guide for Georgia Muslims

Table of Contents I. Introduction II. Estate Planning Basics III. What Happens if You Die Without a Will? IV. Shariah Inheritance V. Drafting Considerations for Islamic Wills VI. Trusts VII. Other Estate Planning Documents VIII. Should I use a Lawyer? IX. Conclusion I. Introduction Many Muslims consider estate planning to be especially important: not just …

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The Ethics of SEO Backlinks for Lawyers: Advertising in the Internet Age

I have been doing some research on marketing tactics by lawyers and came across an interesting ethical question. As lawyers know, the Georgia Rules of Professional Conduct sets forth the ethical requirements for the practice of law in Georgia. These rules encompass (among many other things) how lawyers may advertise their services under Part 7. …

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What Happens When a Trust Fails to Name a Successor Trustee?

Imagine the following scenario: A man creates a trust with a do-it-yourself form he found on the internet. He names himself trustee and names his wife and children as beneficiaries of the trust. He walks into his local bank, hands the bank manager the trust agreement, and the bank happily creates a trust account for …

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Non-Compete Agreements: Covenant without a Geographic Limitation

Is a non-compete covenant without any reference to a geographic limitation enforceable under Georgia law? Probably not. To understand why, we must first turn to Georgia statutory law. O.C.G.A. § 13-8-53(a) only enforces non-compete covenants that are “reasonable in time, geographic area, and scope of prohibited activities.” O.C.G.A. § 13-8-53(c)(2) states that a geographic area …

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Non-Refundable Deposits and Late Fees: Unenforceable Contract Penalty?

Are non-refundable deposits and late fees enforceable under Georgia contract law? The answer depends on whether they are liquidated damages or a penalty. Liquidated damages are enforceable. Penalties are not. What are liquidated damages? Liquidated damages are damages resulting from a breach of contract which are specified as a stipulated sum. Georgia courts err on …

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