John recently had an extensive article published in The Water Report (see link below). He also spoke at CSU on June 13th on the Waters of the United States rulemaking at the 2017 Universities Council on Water Resources/National Institutes for Water Resources Annual Conference. Way to go John!
Kolanz, John A. “Clean Water Act Rule: Review of the Clean Water Act Jurisdictional Rule Considerations for Moving Forward .” The Water Report 160 (2017): 1-31. Www.NEBC.com. Web. 15 June 2017.
Otis, Bedingfield & Peters, LLC is proud to announce the promotion of attorney Brandy E. Natalzia to Senior Associate with the firm. “This promotion recognizes the outstanding contributions Brandy has made to the firm, her exemplary work, and her commitment to both the firm and her community,” says Senior Partner Fred L. Otis, Esq.
Brandy is a member of our business and transactions team. She graduated, cum laude, from Florida Coastal School of Law where she received Class Book Awards for her work on Trusts & Estates and Transactional Drafting. She received her Bachelor of Arts degree in communications, cum laude, from the University of North Florida in Jacksonville. Brandy is admitted to practice in Colorado and Florida.
She is a former judicial intern for the Honorable Jay Cohen of the Fifth Circuit Court of Appeals and the Honorable Marcia Morales Howard of the U.S. District Court for the Middle District of Florida. While in law school, Brandy served as the Managing Editor of the Florida Coastal Law Review and was the Chief Managing Editor of the Public Interest Research Bureau, a student organization committed to providing free legal research to underserved clients.
Brandy’s practice with the firm focuses on all areas of real estate and business transactions, including entity formation and contract drafting, review and negotiations.
Otis, Bedingfield & Peters, LLC is proud to announce the promotion of attorney Timothy R. Odil to Equity Member. “We are thrilled to have Tim as our partner in our firm,” says Partner John Kolanz. “His hard work on the most complex litigation matters and his mentorship of our younger attorneys has made him a valuable asset to us and our clients,” adds Kolanz.
Tim is a key member of the firm’s litigation team. His practice focuses on disputes among private parties as well as disputes with local, state, or federal government agencies. He handles complex business litigation and appeals, government and commercial contract disputes, regulatory compliance, licensing disputes, and rulemaking issues, as well as employment law matters.
Tim was recognized as a Colorado Lawyer of the Year in 2014 by Law Week Colorado. The honor was in recognition of Tim’s superior work in both the trial court and the appellate court. Tim was selected as an honoree in the 2015 BizWest 40 Under Forty Leaders Honor Roll program. This program recognizes Northern Colorado’s top 40 young professionals under the age of 40, who represent the best and the brightest emerging leaders that make a difference in their companies, industries, and communities. Tim was also voted one of Business Connect’s 2016 Top 20 Under 40, which recognizes the top business performers under age 40 in Weld County. Tim has also been recognized several times as a Colorado Rising Star by Law & Politics, and he is a former board member of Rebuilding Together Metro Denver.
A Colorado native, Tim received his law degree from the University of Denver Sturm College of Law, and received his undergraduate degree from Johns Hopkins University. Tim began his legal career as a law clerk in the Weld County Courts, where he clerked for District Court judges J. Robert Lowenbach and Daniel S. Maus.
Otis, Bedingfield & Peters, LLC provides real estate and business law services throughout Northern Colorado. OBP has 15 attorneys serving its two offices in Greeley and Loveland. For more information, please visit www.nocoattorneys.com.
“The time to repair the roof
is when the sun is shining.”
-John F. Kennedy
You entered into a pretty basic commercial deal, and decided to do things properly and get it drawn up by an attorney. You’ve now received a ‘draft’ from the attorney and it’s long. It was a simple deal. Why are there so many terms? Why is it several pages in length? The answer lies in risk-shifting, or preparing for the rain.
Contracts are generally signed in good times, when the sun is shining. The parties typically have high expectations of the success of the agreement and may not consider what happens if and when things don’t go as planned. However, it is important to prepare for the bad times, to formulate terms that consider risks that may arise after the contract is signed. There are many ways a contract can be drafted to guard against the rain – two of the more common ones are representations and warranties and indemnity provisions.
Representations and Warranties
A representation is simply a statement of fact upon which another party is expected to rely, while a warranty is a party’s assurance as to a particular fact coupled with an implied indemnification obligation if that fact is false. Representations and warranties are generally used to allocate risk by (1) apportioning exposure to potential losses and shifting risk from the recipient to the maker; (2) creating a direct claim against the maker if representations and warranties are inaccurate; and (3) serving as a basis for the parties’ indemnification rights.
An indemnification clause is a promise to protect and defend another in the event a particular set of circumstances leads to a loss suffered by another party. Indemnity provisions are the primary vehicle by which parties typically shift or apportion risk in a contract. Indemnity provisions may include any, or all, of three obligations to (1) indemnify, (2) defend, and (3) hold harmless the other party. A well-drafted indemnification provision allows parties to customize their risk allocation by shifting the burden of loss and compensating an indemnified party for risks it did not assume and expenses that may not be recoverable under common law, like attorneys’ fees.
Having an attorney draft or review your contract before signing is recommended. It is imperative that you understand the potential consequences of the risk-shifting provisions in any contract. By carefully drafting and negotiating a contract before execution, during the good times, you can best protect yourself or your company from the inevitable rain.
Otis, Bedingfield & Peters, LLC is proud to announce that attorney Nate Wallshein was appointed to the board of the Matthews House.
The Matthews House is an organization that empowers young adults and families in transition to navigate difficulties on the road to self-sufficiency. Many individuals in the program do not have a significant support system nor the skills necessary for living independently. The Matthews House provides resources and relationships necessary for those to take control of their lives and shape positive futures for themselves.
“I am humbled and thrilled to serve on the Board at The Matthews House. The staff and volunteers provide much needed services in our community by empowering youth and families in times of transition, and by providing preventive, educational, and vocational training. The incredible support from northern Colorado residents drives our success and continues to strengthen our community,” said Nate Wallshein.
Otis, Bedingfield & Peters, LLC provides real estate law and business law services throughout Northern Colorado. OBP has 15 attorneys spread across its two offices in Greeley and Loveland. For more information, contact Nate Wallshein at firstname.lastname@example.org or Jennifer Lynn Peters at email@example.com or 970-330-6700 or visit www.nocoattorneys.com.
At Otis, Bedingfield & Peters, LLC, we believe every client deserves the highest quality legal services from a law firm that is part of their community. We know we can’t be everything to everyone everywhere. That’s why we focus on providing only real estate law and business law services in the Northern Colorado region. Our commitment to real estate law and business law and our Northern Colorado community permeates everything we do. We value personal relationships, knowledge, integrity, trust and loyalty. Read More >>