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Understanding Incoterms

What you should watch for when buying equipment

James Waite / March 2022

Question: I’m buying some equipment, and the shipping terms in the purchase agreement refer to “EXW Incoterms 2020.” I’m generally familiar with “Incoterms,” but I don’t really have a lot of time to study what each one means.

Enforcing payment for goods, services and rentals

Know the pitfalls of mechanic’s lien law

James Waite / February 2022

Question: I’ve rented and sold equipment to a customer for construction work, but I haven’t been paid. Can I file a mechanic’s lien on my own to get the money I’m owed?

Buying assets or equity

Either way, you could be required to assume the seller’s liabilities

James Waite / January 2022

Question: I’m considering buying a competing equipment dealership. I’m being told that I should buy the assets rather than the equity of the target business because, if I do that, my company won’t assume any of the seller’s liabilities. Is that true?

The case for a bill of sale

A rental contract isn’t enough

James Waite / November 2021

Question: I sell new and used equipment. I usually don’t have buyers sign a separate contract or bill of sale because I have a provision in my rental contract that I believe covers sales.

Understanding COVID-19 restrictions

Identify applicable laws and comply

James Waite / October 2021

Question: I keep hearing different things about what I’m supposed to do and not do regarding the coronavirus (COVID-19).

Understanding Incoterms

What you should watch for when buying equipment

Enforcing payment for goods, services and rentals

Know the pitfalls of mechanic’s lien law

Buying assets or equity

Either way, you could be required to assume the seller’s liabilities

The case for a bill of sale

A rental contract isn’t enough

Understanding COVID-19 restrictions

Identify applicable laws and comply

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