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Business Law Contracts Media and Press

5 Reasons Why You Should Never Use a Free Contract Template

It is almost impossible not to browse the web and not come across hundreds of contract templates for various areas of the business world. Even though many think that using a contract template is the best way to draft a contract, it can lead to serious legal problems. Thousands of parties enter into contracts that have been drafted using a template in lieu of a contract that has been drafted by an attorney. Below, you will find the dangers of using a contract template instead of an attorney drafted contract and how it can impact your agreement with another person or company.

1) Using the Wrong Contract Template

One of the biggest dangers of using a contract template instead of a contract written by an attorney is that you might use the wrong form. There are thousands upon thousands of templates available for use online. How do you know which one is correct for your situation? You simply do not know. It is possible that you could be signing a form that is for a joint venture when you would rather sign a form that establishes a partnership agreement between you and the other party. Once the documents are filed, you will need to go through a lengthy and expensive legal process to fix the problem.

2) Omitting Important Language

Language is key in any type of contract you draft, which is why you need to avoid templates at all costs. You have no idea who wrote the template you are using, which can lead to the omission of important language that can either make or break your agreement. When you work with an attorney to draft a contract, he or she will know the appropriate language to use in your contract based on the situation being discussed.

Why You Should Never Use a Free Contract Template

3) Not Having an Understanding of Your Rights

It is vital in any legal situation, especially when writing or signing a contract, that you have an understanding of your rights. When you use a contract template, you likely will not have a solid understanding of how your rights should be protected in the contract. An attorney knows the situation you are in and how your rights come into play, ensuring that all of your applicable rights are protected in the contract.

4) Failing to Tailor the Contract Template to Your Situation

Using a contract template does not make it easy to tailor the contract to your specific situation. For example, a contract template will not have language in it to address the terms of the deal you and the other party have discussed at length in meetings or via email. Instead, the wording will simply be generic and could cost you a lot of money and time if the other party decides to take advantage of this situation.

Why You Should Never Use a Free Contract Template

5) Failing to Know the Differences in State Laws

When you utilize a contract template, you fail to know or look for the differences in state laws. It is vital to the health of the contract that you have an attorney draft a contract for you since they know how state laws differ, especially when it comes to registering or creating a business.

In Need of a Contract? Contact an Experienced Contracts Attorney Today!

Do you need to draft a contract for your business? It is best done with the help of an experienced contracts attorney. Call or text the office of The Benkabbou Law Firm, PLLC at 813-586-3351 to schedule a consultation today.

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Immigration

What is Donald Trump’s New Public Charge Rule?

The Trump Administration officially released the final version of the new public charge rule on Monday, August 12. The rule was entered into the Public Register and saw a nationwide official release on Wednesday, August 14. The rule will then go into effect 60 days from August 14, in October. The new rule increases the ability of the federal government to reject the request for green cards based on a person’s likelihood to use federal assistance programs. The immigration status of a person will now be linked to their public program usage and their income level.

Trumps New Public Charge Rule Announcement

“Through the public charge rule, President Trump’s administration is re-enforcing the ideals of self-sufficiency and personal responsibility ensuring immigrants are able to support themselves and become successful here in America. We certainly expect people of any income to be able to stand on their own two feet,” Acting Director of U.S. Citizenship and Immigration Services Ken Cuccinelli said. “A poor person can prepare to be self-sufficient… so let’s not look at that as the be all end all.”

The administration is touting the new public charge rule as a way for immigrants to become independent and to increase self-sufficiency.

How the New Public Charge Rule Affects Immigration

The new rule will affect immigration in a major way, as thousands of people looking to legally obtain a green card could be denied. Right now, immigration agents are required to ask applicants for green cards how they will not place a burden (public charge) on the country if granted a green card. Under the new rule, immigration agents would be forced to make decisions based on the usage of food stamps, Section 8 housing vouchers, and medical assistance by immigrants applying for green cards.

Basically, if a household falls under a specific level of income, the immigration agent will be required to evaluate the home under the public charge test. This includes ascertaining how well the occupants of the home can read, speak, and write English. If you receive any of the benefits mentioned above for a 12-month period in a span of three years and are not a citizen, it will be viewed as unfavorable when determining whether or not you are a public charge.

Trumps New Public Charge Rule

File for a Green Card Now

It is dangerous for you or a family member to wait to file for a green card. With the 60-day countdown already started, you are running out of time to apply for a green card under the old public charge rule if you are a low-income family. The longer you wait to apply for a green card, the likelier it becomes that your case will not be evaluated until after the new rule officially takes effect, causing your case to be evaluated under the new public charge test explained earlier.

Have Questions About the New Public Charge Rule? Contact an Immigration Attorney Today!

Do you have lingering worries and questions about how the new public charge rule will affect you or a family member? If so, it is in your best interest to speak with an experienced immigration services attorney. Call or text the office of The Benkabbou Law Firm, PLLC at 813-586-3351 to schedule a consultation today.

Categories
Immigration

Investor Visa Limits Increased Under Trump Administration

A controversial visa program that was created in 1990 is being revamped by President Donald Trump and his administration. The program, which provides visas for foreign investors, will see an increase in the amount of money required to invest in order to obtain the visas.

The previous limit was $500,000. The new limit will be $900,000 in order to secure an EB-5 investor visa. The standards that govern what a needy neighborhood is will also be updated to prevent investors from picking areas that border affluent neighborhoods for their own benefit.

Non-Needy Area Investments

If a foreign investor wishes to invest in a project in a non-needy area, the investment limit will increase from $1 million to $1.8 million and will adjust for inflation automatically every five years, according to a report from The Washington Post. All of these changes will take effect beginning on November 21, 2019 and are the first major changes to the program since 1993, when it was just three years old.

EB-5 Investor Visa Limits

The Old Investor Visa Rule

Under the old requirements, an investment of $1 million was required to bring at least 10 new jobs to a non-needy area. A $500,000 investment was required for a project that would be located in areas of high unemployment rates. In exchange for the investments, the foreign investors would receive conditional green cards for themselves and their immediate family members for two years.

The New Investor Visa Rule

As mentioned earlier, the limits will increase under the new rule. The new rule also eliminates the ability for an individual state to determine which specific geographic and political areas are labeled as high unemployment. Instead of the state making this determination, the Department of Homeland Security would make the determination.

EB-5 Investor Visa Limits

Avenues to Adjust Immigration Status Limited

At the same time that the EB-5 visa program is being revamped, the Trump Administration is working toward limiting the avenues immigrants have in changing their status, therefore keeping their promise to limit legal immigration at the same time that they work to curb illegal immigration. It is important to learn about your options as soon as possible.

Do You Have Immigration Questions? Contact an Experienced Immigration Services Attorney Today!

If you have questions about immigration, or how to obtain the EB-5 investor visa, it is in your best interest to speak with an experienced immigration services attorney. Call or text the office of The Benkabbou Law Firm, PLLC at 813-586-3351 to schedule a consultation today.