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A Virginia land contract records the terms and conditions of a real estate transaction involving vacant land. Both the land/lot seller and its purchaser must come to a mutual arrangement, documenting their terms on said contract each step of the way. On the final version, they must include everything from the land/lot’s legal description as…

A Virginia non-solicitation agreement is a contract between an employer and an employee that intends to prevent the employee from soliciting the company’s customers after concluding their period of employment. The agreement is intended to protect the company’s business interests from competitors. Is It Legally Enforceable in Virginia? Yes. Non-solicitation agreements are legally binding in Virginia,…

A Virginia partnership agreement is a legally binding document that breaks down the management structure of a partnership. It usually conveys dissolution, ownership interests, dispute resolution, liabilities, and duration. The agreement must be meticulous to curtail disagreements in the future. Partnership Types General Partnerships (GP) – Title 50, Chapter 2.1 (§§ 73.1-73.78) Limited Partnership (LP)…

A Virginia postnuptial agreement determines how a married couple will distribute the marital property if their marriage ends in divorce or death. Postnuptial agreements are beneficial in case of divorce because they take precedence over the default rules for property division. Unlike prenuptial agreements (“prenups”), which are signed before marriage, postnuptial agreements are signed after a…

A Virginia separation agreement is a contractual arrangement in which couples determine rights and obligations for a period when they no longer wish to live together but are not ready to get a divorce. Virginia does have a statute addressing “divorce from bed and board,” an older version of legal separation, but it is not frequently…