I don't know if it's a fear of a lawsuit or something else.

Just like when a car accident happens, you can file a law suit without a lawyer but if you have a lawyer you would have a better chance at winning. 

It's currently 28 pages long and was written by 1 lawyer for about $500, and has been subsequently reviewed and updated by some rather pricey attorneys working for various JV partners since then.It is very important to have a comprehensive OA, to protect yourself, and your partners, not only against the risks of lawsuits (the usual asset protection), but also against unforeseen issues arising from partnership issues, divorce, death, insanity, and a host of other issues.

I'm not being a wise acre, but if you were to use different criteria, you would be opening yourself to a discrimination lawsuit.

That would be are you more likely to lose more money with a lawsuit in either texas or indiana.

What if siblings become involved in a lawsuit involving property?

If there is a lawsuit arising out of your rental activity in one of the foreign states, the lawsuit will be decided in that state, not in DE.

The $8,000 easement mentioned above was the result of filing a lawsuit action and negotiating a settlement before actually going to court. 5.

Aside from that, I'm sure there would be a huge liability and lawsuit due to the fact you withheld the information.

James Park,If your business is ever listed in a lawsuit expect to be listed personally.