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A Maine land contract is a legal document that binds a buyer and seller to the terms of a purchase and sale agreement for vacant land. It records terms such as the agreed-upon purchase price, any financial contingencies, and applicable due diligence periods for the buyer to survey the land/lot. Upon reaching an accord, the…

A Maine non-solicitation agreement is a contract between an employer and an employee that prevents the employee from contacting clients, customers, other employees, or contractors after leaving the company. Because courts are hesitant to enforce agreements that limit a former employee’s actions, non-solicitation may not be justified solely on the basis of preventing competition. Instead,…

A Maine partnership agreement is a contract between two or more business partners. Legally binding once signed, this document outlines the stake and responsibilities of each partner involved. Tax obligations and liabilities vary between the five different partnership types in Maine. Partnership Types General Partnerships (GP) – 31§1001-31§1105 Limited Partnership (LP) – 31§1341-31§1346 Limited Liability Partnership…

A Maine postnuptial agreement establishes how a married couple’s property will be distributed if the couple’s marriage ends in divorce or death. Postnuptial agreements are different from prenuptial agreements, often known as “prenups.” Prenuptial agreements are signed before marriage and go into effect as soon as the marriage is official. Postnuptial agreements are signed after a…

A Maine separation agreement is a legal document that allows married couples to live apart without pursuing a full divorce. Separation agreements let spouses set rules on alimony, child support, and property division (much like a divorce). In Maine, separation agreements are available to couples that “desire to live apart for a period in excess…