Breach of a Commercial Real Estate Purchase Agreement in Mississippi
Your lender has approved the loan. Then, nine days before closing on a building near the Biloxi waterfront, the seller sends a two-line email calling off the deal. Your plans and investment now hang in the balance. At Rushing & Guice, we have seen Gulf Coast businesses face this situation time and again. We know how to turn a broken real estate deal into a strong breach of contract claim. BOOK A CONSULTATION Can a Business Sue for Compensation When a Property Deal Falls Apart? Often, yes. You may have a valid claim if you signed a ...
Letters of Intent in Mississippi Business Deals: What Creates a Binding Legal Obligation?
You just shook hands with a buyer for your marina in Biloxi. Now, a two-page document called a letter of intent sits on your desk. Everyone keeps saying it simply sets up the real contract. Then the buyer starts moving equipment onto your dock before closing day. They tell vendors the sale already happened. You start to wonder if that quick signature locked you into something you cannot undo. Your stomach drops as you reread the page, looking for an exit you're not sure exists. At Rushing & Guice, we help Gulf Coast business owners read letters of intent ...
Force Majeure Clauses and Mississippi Business Contracts: Protecting Your Company From Unforeseeable Events
A hurricane makes landfall on the Mississippi Gulf Coast. Roads close, power disappears, shipments stop, and a vendor suddenly cannot deliver. Then comes the notice: the other party says the storm is a “force majeure” event and claims it no longer has to perform. For a business owner facing force majeure under a Mississippi contract, the practical question is straightforward: Does this clause actually let them off the hook, or does it let me off the hook? The answer usually requires more than identifying an extraordinary event. It requires examining the contract language, what actually prevented performance, what the ...
What Mississippi Buyers and Sellers Can Recover When a Deal Collapses
Buying or selling a business can represent years of planning, investment, and negotiation. When the other side backs out, refuses to close, or fails to honor a material term of the agreement, the consequences can reach far beyond a disappointing transaction. A failed deal can leave you with professional fees, financing costs, operational disruptions, lost opportunities, and uncertainty about what comes next. When a business dispute develops over a failed acquisition or sale in Mississippi, the first question is often simple: What can I recover? The answer depends on the contract, the reason the transaction collapsed, the losses you ...
Mississippi’s 3-Year Statute of Limitations on Business Contract Claims
You just found out, or finally decided to act on the fact, that a vendor, partner, or customer broke a contract with you. Or maybe it’s the other way around: someone from your past is threatening to sue over a deal that fell apart years ago, and you’re wondering if they still can. Either way, you’re stuck with the same nagging question: Is it too late? Contract disputes are stressful enough without having to work out the Mississippi contract statute of limitations on your own. For most contract claims, the business lawsuit deadline in Mississippi is three years, but ...
How Mississippi Courts Interpret Ambiguous Contract Language in Commercial Disputes
A contract is supposed to prevent arguments, not start them. Yet here you are, reading the same paragraph your business partner, vendor, or customer is reading, and the two of you have reached opposite conclusions about what it requires. Maybe a demand letter has already arrived. Maybe litigation has been threatened. Either way, the question that matters now is how a court would resolve an ambiguous contract in Mississippi, and whether your reading of the disputed language would survive that process. Mississippi courts follow a structured framework, and understanding it can help you gauge your position. At Rushing & Guice, ...
Mississippi’s Open Account Statute: How Businesses Can Recover Attorney Fees on Unpaid Invoices
A customer may keep using the goods, labor, or services your company already delivered while treating your invoices as optional. Meanwhile, the unpaid balance ties up cash you need for payroll, materials, equipment, and new work. The Mississippi open account statute may give your company a practical way to pursue the balance without allowing attorney fees to consume much of the recovery. For more than 100 years, companies in Biloxi, Ocean Springs, and surrounding communities have trusted Rushing & Guice, PLLC to protect their financial interests. We can determine whether the account qualifies, identify gaps in the supporting records, ...
Understanding Fiduciary Duties in Mississippi Business Partnerships
Anyone entering into a business partnership in Mississippi accepts important legal responsibilities known as fiduciary duties. Business partners must commit to acting in the best interests of the business, accepting some key duties of care towards other partners in the process. These fiduciary duties can be central to business disputes, and violations can lead to significant consequences, so it is essential to understand what the main responsibilities of partners are. BOOK A CONSULTATION What are the main fiduciary duties in business partnerships? The fiduciary duties in business partnerships in Mississippi may vary slightly depending on the company setup ...
What Does a Business Attorney Do in Mississippi?
The vast majority of businesses in Mississippi are owned and operated by small business owners. Running the business involves making important decisions every day, and mistakes can be costly. Being able to rely on the support of a knowledgeable business attorney can be of great assistance, ensuring that the decisions you make are the right ones for the long-term health of your business. A business lawyer can do a lot more than help resolve business disputes. They can be involved from the very start of your business and assist across many key areas of operations. Let’s take a deeper ...
Top Strategies For Resolving Commercial Real Estate Disputes in Mississippi
Commercial real estate disputes take many forms, from landlord-tenant disputes to boundary and title disputes, easement issues, breach of contract, and more. These issues can be complex to resolve, often involving high-stakes decisions. Understanding your options as a property owner, landlord, or leaseholder is fundamental to preventing escalations of disputes and costly, time-consuming legal battles. Let’s consider the main types of disputes and the main strategies available for resolving them. BOOK A CONSULTATION How is commercial real estate defined? Commercial real estate is any property that is purchased or leased by a business to support, expand, or ...
