Jun 19, 2020 | Business Law, Business Organization, Employment
In a case likely to be viewed as the most monumental in the history of American employment law, the U.S Supreme Court, on June 12, 2020, handed down its opinion in Bostock v. Clayton Cty., 2020 U.S. LEXIS 3252 (June 12, 2020). The Supreme Court held that an...
May 28, 2020 | Business Law, Business Organization, Employment
A Statute of Limitations is a law that sets the maximum time the parties involved have to initiate legal proceedings from the date of the subject occurrence or alleged offense, whether civil or criminal. The length of time a Statute of Limitations...
May 26, 2020 | Business Law, Business Organization, Employment
A legal injunction is a court order to take a particular action or refrain from it. There are three types of legal injunctions: permanent injunctions; temporary restraining orders; and preliminary injunctions. Temporary restraining orders...
May 20, 2020 | Business Formation, Business Law, Business Organization, Employment
Consideration is what each side in a contract each side must agree to give up to make the contract legally binding. In a contract, one party’s Consideration (thing given) is exchanged for another party’s Consideration. Consideration is...
May 15, 2020 | Business Formation, Business Litigation, Business Organization, Employment
This is a legal document used to create a business entity and usually contains the entity’s name, type of business, and business structure. Many businesses in the United States and Canada are formed as a corporation. This is a type of business entity...
May 15, 2020 | Business Formation, Business Law, Business Organization, Employment
A Personal Guaranty is a legal document through which an individual promises in writing to repay a loan or credit issued to a business entity or another party. A Personal Guaranty may be provided by an individual to assume responsibility...
May 14, 2020 | Business Formation, Business Litigation, Business Organization
A Strategic Alliance is an arrangement between two companies to undertake a mutually beneficial project, with each remaining independent. Joint Venture is a form of Strategic Alliance that is more complex and binding. In a Joint Venture,...
May 7, 2020 | Business Formation, Business Law, Business Organization
A shareholders’ agreement is an arrangement among a company’s shareholders regarding certain rights and obligations of the company’s shareholders. A shareholders’ agreement also includes information on the management of the company and privileges and protection...
Apr 29, 2020 | Business Formation, Business Law, Business Organization
In a merger, two separate companies voluntarily, fuse together; in an acquisition, one business entity subsumes another, whether friendly or hostile. Mergers are considered to be a more friendly corporate restructuring strategy. This is because they are...
Apr 28, 2020 | Business Formation, Business Law, Business Organization
Due diligence is the formal process of investigating the background of a business, either prior to buying it, or as another party in a major contract. It is used to ensure that there are no hidden details that could affect the deal. Due...
