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From the BLS Blog
Contract Principles for Business Litigation: The Importance of Specificity
By Eric S. Adams and Melodie Khosrovani
Specificity in drafting allows contracting parties to allocate risk with precision and enable efficient dispute resolution. Unclear contractual language can foster disputes and litigation. In addition to offering helpful drafting suggestions, this article will discuss the impact of ambiguous language in commercial transactions, including the risk of litigation and uncertain outcomes.
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From The Florida Bar Journal
Florida’s New Protected Series LLC Law: Part I
By Louis Conti and Gary Teblum
This article is the first of a two-part series designed to give readers the “what, how, and why” of Florida’s new protected series LLC legislation (§§605.2101 – 605.2802 of the Florida Revised Uniform Limited Liability Company Act, F.S. Ch. 605). This article (Part I) describes what a protected series LLC is, addresses how a protected series LLC differs from a Florida limited liability company that is not a protected series LLC, explains how and where the concept of a “protected series” originated, addresses why Florida added the new protected series LLC entity to Florida’s existing choice of business entity list, details key aspects of a Florida protected series LLC, identifies how a Florida protected series LLC is formed, how a protected series of a Florida protected series is established, and how the Florida protected series LLC and its protected series must be operated in order to secure the benefits of desired liability shields.
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