Accord and Satisfaction is a legal concept that allows a party to a contract to avoid an existing obligation, provided the other party agrees. It involves the accord (agreement) and the satisfaction (consideration) to make the agreement legally binding.
A comprehensive guide to Articles of Association, its significance in corporate governance, historical context, key events, and much more.
Comprehensive coverage of key contract law terms including Breach of Contract, Performance, and Consideration, exploring their definitions, historical context, types, examples, and importance in legal contexts.
Corporate bylaws are the internal rules set forth by a corporation to outline its governance structure, responsibilities of its officers, and operational procedures.
An entity which, for tax purposes, is not separate from its owner. ULCs often benefit from this designation under U.S. tax law.
An in-depth look into the concept of elective resolution in the context of corporate governance, its historical significance, types, key events, and implications.
An in-depth examination of Extraordinary General Meetings (EGM) under the Companies Act 2006, including historical context, key events, types, procedures, and significance.
Detailed exploration of fraudulent trading, its legal implications, historical context, types, and real-world examples.
An introduction to the Goudou-Kaisha (G.K.), a modern Limited Liability Company (LLC) structure in Japan introduced in 2006.
An LLC (Limited Liability Company) combines the tax benefits of a partnership with the limited liability of a corporation and is often used by smaller real estate investors.
An ordinary resolution is a resolution passed by a simple majority of company members voting in person or by proxy. It is utilized when no other type of resolution is required by the Companies Act 2006 or the articles of association.
An in-depth look at resolutions in company law, exploring types, requirements, and their importance in corporate governance.
An in-depth guide to understanding special resolutions in corporate governance, including historical context, types, key events, detailed explanations, applicability, examples, and more.
A comprehensive look at Written Resolutions under the Companies Act 2006, detailing its historical context, types, key events, importance, and applicability.
A detailed exploration of the business purpose doctrine, its relevance, criteria, and applications in validating transactions for tax purposes.
A covenant not to compete is a contractual promise to refrain from conducting business or professional activities similar to those of another party, often found in employment, partnership, or sale of business agreements.
An in-depth exploration of the concept of free transferability of interest, its applications, differences from restricted stock, partnership interests, and more.
An Administrative Agreement allowing individual managers or companies to control specified organizational activities for a particular period of time, fostering cooperative management.
Novation is the process of substituting a new party for one of the original parties to a contract, with the consent of the remaining party, resulting in the formation of a new contract.
A comprehensive guide to understanding Buy-Sell Agreements, their definitions, types, key considerations, historical context, and applicability in business continuity planning.
A comprehensive overview of the legal term 'joint,' which describes transactions or agreements where two or more parties act together.
A comprehensive guide to understanding the Right of First Refusal (ROFR), its mechanism in business transactions, its implications, and examples of its application in various contexts.
An in-depth look at Warehouser's Liability Forms, including their definition, purpose, key elements, and practical considerations in storage facility operations.
