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A recent decision by the Nevada Supreme Court in Vegas Aqua, LLC, a/k/a Lake Las Vegas Water Sports v. Jupitor ...
A recent decision by the Nevada Supreme Court in Vegas Aqua, LLC, a/k/a Lake Las Vegas Water Sports v. Jupitor Corp. clarified the scope of authority for short trial judges. Nevada’s Short Trial Program was implemented in June 2002 to resolve disputes outside the traditional trial avenue and Court Annexed Arbitration Program. The Short Trial Program allows cases to be tried on a fast-track basis, in eight (8) months or less.
The Nevada Legislature recently passed Assembly Bill 73 (“AB 73”) during this year’s regular legislative session, aimed mitigating the use of artificial intelligence (“AI”) in political ads.
Liquidated damages provisions are one of the most frequently negotiated in commercial agreements. When drafted correctly, they can provide certainty, risk allocation, and leverage. When drafted poorly, they can be struck down as unenforceable penalties.