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An Arkansas property management agreement enables an owner of real estate to entrust managerial responsibilities of their property to another party. The powers assigned to the manager permit them to perform duties ranging from general property maintenance to the administration of rent payments and financial accounts. Property managers are often provided a monthly fee for their…

An Arkansas marital settlement agreement is a contract between spouses that determines their rights and duties after marriage. During a divorce lawsuit, a settlement agreement may be submitted to the court to communicate the couple’s decisions for alimony, parental responsibilities, custody, and child support payments. The agreement can also specify how the parties intend to…

Arkansas corporate bylaws are a list of rules and procedures that the board of directors for a corporation adopts when the corporation is created. The bylaws, which are contained in a legal document executed by the board, will dictate the daily operations and management structure of the corporation. The document will usually describe the structure…

An Arkansas advance directive allows a person to articulate their preferences for medical treatment and choose someone to make health care decisions on their behalf. The form is used as a guide for a hospital on how to treat someone in the chance they should become permanently incapacitated with no possible cure. For these reasons,…

An Arkansas land contract formalizes an agreement for the purchase and sale of vacant land. The terms between the parties are to be negotiated, written, and signed by the parties. Once signed, the due diligence period will begin, and an earnest money deposit is commonly expected from the buyer. Once the buyer conducts their due…

An Arkansas non-solicitation agreement is a legal document that limits the ability of an employee to use valuable company information for their own benefit. The agreement contains terms prohibiting the employee from seeking out the clients, employees, and contractors of the company if the employee leaves and takes a new position with a competitor. This…

An Arkansas partnership agreement is a contract among two or more participants that governs each partner’s ownership stake, duties, and liability. Depending on the agreement structure (General versus Limited), parties to the agreement may have varying levels of liability. Partnership agreements are binding only when signed by all parties to the contract. “Partnership Agreement” Definition…

An Arkansas postnuptial agreement establishes the terms for distributing a married couple’s property in the event the marriage ends in divorce or death. Unlike prenuptial agreements, or “prenups,” postnuptial agreements, also known as “marital agreements,” are executed after a marriage has already begun. Both documents can help couples protect their property against uncertainty, particularly in the…

An Arkansas separation agreement sets terms regarding the division of assets, spousal support, and more for couples who do not wish to get divorced, but no longer wish to live together as spouses. Legal separation accomplishes many of the same goals as a divorce but allows couples the option to resume living together in the event of…