Financially savvy parents of college students should generally take the time to complete the Free Application for Federal Student Aid (FAFSA) each year. Students must file their FAFSA for the 2022–2023 academic year between October 1, 2021, and June 30, 2023. This means there’s still time to file a FAFSA for the 2021–2022 school year. Special…
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Computing Economic Damages
Financial experts are often hired to measure economic damages in contract breach, patent infringement and other tort claims. Here’s an overview of how experts quantify damages, along with some common pitfalls to avoid. Estimating Lost Profits Where would the plaintiff be today “but for” the defendant’s alleged wrongdoing? There are three ways experts address that question:…
Put It in a Letter
American actor Lee Marvin once said: “As soon as people see my face on a movie screen, they knew two things. First, I’m not going to get the girl, and second, I’ll get a cheap funeral before the picture is over.” 1 Tip: Contact InformationA letter of instructions also might include contact information for individuals who…