What is a Statute of Limitations?

What is a Statute of Limitations?

n 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...

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What is a Statute of Limitations?

What is a Statute of Limitations?

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...

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What is a legal injunction?

What is a legal injunction?

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...

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What Is Consideration In Business Law?

What Is Consideration In Business Law?

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...

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What are Articles of Incorporation?

What are Articles of Incorporation?

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...

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What is a Personal Guaranty?

What is a Personal Guaranty?

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...

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What is a Shareholder Agreement?

What is a Shareholder Agreement?

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...

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