At a recent hearing in Asheville on motions for summary judgment Bill Cannon successfully defended a motion for summary judgment by two surety bond companies and obtained summary judgment in favor of the Town of Black Mountain and Buncombe County in the amount of $1,403,240.00. The bond companies had guaranteed completion of roads, sewer, storm drainage and sewer improvements for a subdivision in the event that the developer failed to do so. After the developer defaulted on its obligation, the bond companies refused to pay. They claimed that the statute of limitations had run on the bonds before suit was filed and that the bonds were terminated when the subdivision was annexed into the Town. Bill Cannon’s practice includes representation
Bill Cannon of Cannon Law, P.C. won two recent jury trials in Haywood Superior Court. The first trial involved representation of clients that claimed title to adjoining property by adverse possession for more than 20 years. The verdict determined that all of the property claimed was now the property of the plaintiffs. In a second trial, Cannon successfully defended an officer of a foreign corporation against a claim by local plaintiffs for money owed. The plaintiffs sued the defendant, alleging that a loan was made to the individual defendant and not to the corporation. The jury verdict found that the defendant was not liable for the loan. NOTICE: Prior results do not guarantee a similar outcome. Each case has different
On April 4, 2012, Bill Cannon spoke to a Wednesday night group at Hickory Knoll United Methodist Church in Macon County, North Carolina. Bill’s presentation was on how embracing changes taking place in the world can help a church grow and become more dynamic.
Insufficient Capital. Many small businesses have little chance to succeed because they do not have sufficient capital to sustain the business during its initial stages or during economic downturns. Even if you have a good business plan, it may take several months or years for your cash flow to stabilize so that you can meet your business’s obligations. Take a realistic look at how long it will take you to get your business off the ground and be sure that you have enough capital to survive in the meantime. Lack of Documentation. It is surprising how many businesses fail to create proper documentation from the beginning of the business and throughout the business’s life. Corporate Bylaws, LLC Operating Agreements, Buy/Sell
The business lawyers at Cannon Law, P.C. too often meet with clients who signed a contract without legal advice and seek representation after a disagreement arises. A written contract is an important document and you can easily give away important legal rights if you do not speak with an attorney beforehand. If a matter is important enough to have a contract, it is also important enough to obtain legal advice. Some of the top reasons to see a lawyer before you sign a contract are: You can save money. More often than not, the cost of having the contract reviewed or drafted is quite small compared with the cost of settling disputes in court. The business lawyers at Cannon Law,