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Two Nevada Supreme Court Decisions May Impact Nevada Businesses

Posted in Nevada Business Law, Nevada Supreme Court, Taxes

The Nevada Supreme Court has handed down a couple of decisions impacting Nevada businesses over the summer.

Khan v. Bakhsh

The statute of frauds requires that certain types of contracts be in writing and therefore that some types of oral contracts are unenforceable.  On August 1, 2013, the Nevada Supreme Court found that written contracts that are later lost or destroyed are not prohibited by the statute of frauds.

Clark County v. Howard Hughes Company, LLC

The Supreme Court held that a party challenging tax valuation may pursue an action in any district court in Nevada, ratifying a long-standing practice of bring such claims before the First Judicial District Court in Carson City.