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In: General Legal Issues, Should have had a lawyer

Successful Lease Negotiation After Attorney Review Purple Law Firm takes great pleasure in being able to be a part of success stories.  Recently Attorney Purple had a client who wanted to lease a new location for her business, but was concerned about the proposed Lease Agreement.  The client made the decision to have the contract reviewed by a lawyer.  Learn more about contracts and legal documents. Review By Lawyer Revealed Serious Problems With Lease Agreement Upon review of the proposed contract the attorney determined that there were several  problem areas with the lease contract, in particular with the addendum to the lease which contained severalRead More →

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In: General Legal Issues

Conservatorship (guardianship) of an Incompetent Person Nobody wants to think about it, but it does happen.  A loved one becomes incompetent.  Sometimes, incompetency onsets in childhood, and sometimes at the later stages of life.  No matter the age, when  loved one is deemed incompetent it is emotionally difficult.  What is incompetency and what needs to be done? What is Incompetency? Incompetency is a medical and legal determination that a person does not have the ability to (mental capacity) to make proper decisions or to manage his/her own affairs.  In other words, due to a mental health issue the person lacks the ability make financial decisionsRead More →

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In: Contracts, Contracts and Lease Agreements, General Legal Issues

Quit Claim Deed What is it? Sometimes improperly referred to as a “Quick Claim Deed”, a Quit Claim Deed is a legal document that conveys or transfers a person’s legal interest in a parcel of real estate to someone else.  Unlike a Warranty Deed, a Quit Claim Deed does not guarantee that the Grantor (person conveying the property) has sole legal title to the property, nor does it warrant the title to be free from the claims or liens of others. The essence of a quit claim deed is that  the Grantor “quits” his/her/its claim to the property.  In other words, the Grantor declares thatRead More →

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In: Corporations

Should I incorporate my business? Whether or not you should incorporate your business is a question that should only be answered after consulting with an attorney, and perhaps even a Certified Public Accountant (CPA).  However, we will explore some of the advantages or benefits of forming a for profit corporation in Tennessee, and the basic types of for profit corporations. There are two (2) basic types of corporations: Standard for profit corporation called a “C-Corp” and a sub-chapter S corporation or S-Corp for short (smaller corporations). Is there much difference between a C-Corp and a S-Corp?  Yes.  The major difference is the way the twoRead More →

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In: Disclaimer Regarding Specialization, Estate Planning : Wills Trusts Estates

Wills and Trusts: Protecting your child’s inheritance. At Purple Law Firm in Chattanooga, Tennessee, our attorneys often encounter clients who have a child who is not in a good position to inherit money or property without “blowing” it.  Sometimes the child is involved in drugs, criminal activity, or just not responsible with financial matters. Other times the client is concerned about an issue with their child’s spouse, or what would happen to the inheritance in the event of a divorce. [weaver_show_if_mobile] Connect: (423) 899-0131| Email | Locate[/weaver_show_if_mobile] What instrument (legal document) offers the best solution to such a problem?  Is it a Last Will andRead More →