A Fiduciary is someone who acts on behalf of the company. That definition can be a little loose, but in general, directors and majority shareholders are considered to have fiduciary duties. To help expand this definition we look at the different types of fiduciary duties that Oklahoma City businesses may use. Those include: 1. Duty […]
Read MoreQuestion 819 is a ballot initiative submitted in 2022 for the November 2022 state elections. Question 819 seeks to legalize the use of recreational cannabis by creating a legal framework within and expanding the current cannabis law in Oklahoma. Question 819 is a radical change from the current cannabis law in OK. Below we discuss […]
Read MoreCan you appeal or modify a child support order in Oklahoma? The answer to that question is yes, the State of Oklahoma allows for the modification or appeal of a child support order. However, there are certain instances where child support can legally be modified or appealed. If you have a child support order in […]
Read MoreIn order to have a breach of contract in Oklahoma City, you must first have a valid contract. Before we get into how a breach occurs, let’s first go over what a contract actually is in legal terms and the elements that constitute a contract. Without all five elements of a contract, the contract, whether […]
Read MoreYour insurance company has an obligation to act in your best interests regarding coverage and paying out benefits. However, insurance companies are businesses, and they are also interested in making profits just like every other business. If there is an opportunity to deny coverage or pay out less in claims, they will often take it, […]
Read MoreAn insurance company engages in bad faith when they do not act in their insured’s best interests. As someone who pays insurance premiums, you expect that your insurance company will have your back when it comes to paying claims that you submit to it. You also expect that they will be reasonable about handling claims […]
Read MoreIn 1977, the Oklahoma Supreme Court established that “an insurer has an implied duty to deal fairly and act in good faith with its insured and that the violation of this duty gives rise to an action in tort for which consequential and, in a proper case, punitive, damages may be sought.” Bad faith actions […]
Read MoreThe term business litigation refers to any legal challenges a business must respond to or initiates on its own. Whether the other party is a customer, competitor, or former business partner, hiring an experienced business litigation attorney to represent your interests is crucial to the outcome of your case. According to the United States Chamber […]
Read MoreWe rely heavily on insurance to pay out on claims for a variety of risks in our life—from medical bills to property damage. Insurance is designed to protect you from the unexpected when tragedy strikes. Every insurance company in Oklahoma is required to enter into an agreement with you and investigate your claim in good […]
Read MoreThe COVID-19 pandemic has forced businesses to close their doors, make arrangements for altered hours, comply with orders regarding social distancing, and a lot more. Changes are happening quickly, and every shift a business makes has wide-ranging effects, from its clients to its landlord. Every commercial rental agreement should be governed by a written lease […]
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