Mississippi Contractual Obligations Overview

Summary

In Mississippi, both written and oral agreements can be enforceable, though oral ones are harder to prove. Non-disclosure of marital status may affect contract validity. If disputes arise over business ownership, legal channels may be necessary. A hold harmless agreement can release liability and waive future claims. Consulting a local attorney for detailed advice is recommended.

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Meridian, Mississippi
Thanks for sharing the details, Jennifer. Here are some general legal points to consider in Mississippi:
- Contract Law: If you have a written agreement with Vance, it may be enforceable. Oral agreements can also be binding but are harder to prove.
- Misrepresentation: If you failed to disclose your marriage status, this could impact the agreement's validity.
- Ownership Disputes: Given the *% ownership claim in the business, you might need to address this through legal channels if disputes arise.
Do you have a written agreement with Vance regarding the business ownership and loan co-signature?
Can you write a this into a hold harmless
Sure, Jennifer! Here's a simplified hold harmless agreement based on the information you provided:
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Hold Harmless Agreement
Parties:
- Indemnitor: Jennifer Bouknight
- Indemnitee: Vance Howard Harris
Agreement:
Jennifer Bouknight acknowledges that she failed to disclose her marriage to Vance Howard Harris regarding her husband, Ronnie M. (Bud) Bouknight. Despite this, she agrees to hold Vance harmless from any claims, damages, or liabilities arising from her inability to co-sign the loan for the acquisition of a used tow truck. This includes any consequences related to the launch of Affordable Towing and Recovery.
Terms:
*. Release of Liability: Jennifer Bouknight releases and discharges Vance Howard Harris from any claims or liabilities due to her non-disclosure and inability to co-sign the loan.
*. Waiver of Claims: Jennifer waives any future claims against Vance related to the ownership and operation of Affordable Towing and Recovery.
*. Indemnification: Jennifer agrees to indemnify and hold Vance harmless from any third-party claims arising from her actions or omissions.
*. Governing Law: This agreement shallbe governed by the laws of the State of Mississippi.
Signatures:
Indemnitor: ____________________________
Jennifer Bouknight
Date: ___________________
Indemnitee: ____________________________
Vance Howard Harris
Date: ___________________
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Feel free to review and make any necessary adjustments. If you need more detailed legal advice or assistance, consulting with a local attorney might be beneficial.