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Forbearance Agreements

A forbearance agreement is a contract between a borrower and a lender where the lender agrees to not exercise certain rights that it has under an existing agreement in exchange for actions on the part of the borrower. An example would be a bank’… Read More
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Categories: Business Law

Undoing an Automatic Dissolution: Renewal of Corporate Existence in Michigan

The Business Corporation Act, P.A. 284 of 1972 allows a domestic corporation that was automatically dissolved to renew its corporate existence by filing the reports and paying the required fees (including late fees and penalties) for the years they w… Read More
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Categories: Business Law