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Articles of Incorporation By State (Guide: All You Need To Know)

WebIn the United States, every state has adopted its own rules and procedures governing the formation of corporations. In most states, you’ll need to file articles of …

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Elements of A Contract (What Are They And What They Mean)

WebThe USLegal defines elements of a valid contract as follows: “The requisite elements that must be established to demonstrate the formation of a legally binding …

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Personal Service Corporation (What It Is And How You Qualify As …

WebA personal service corporation (or PSC) is a corporation that provides personal services. Personal services can include services in various activities such as accounting, …

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Res Ipsa Loquitur (What It Means And Why It’s So Important)

WebRes ipsa loquitur (or res ipsa loquitor) is Latin for the thing speaks for itself or it speaks for itself. Many lawyers and attorneys find it easier to refer to res ipsa loquitur …

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Nature of Business (What It Is And What You Must Know)

WebThe nature of business is a statement about a company’s offering to its clients, its industry, legal structure, or any other distinctive qualities of the business. For …

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What Is Cash Ratio (Explained: All You Need To Know)

WebThe cash ratio formula is the following: Cash Ratio = (Cash + Cash Equivalents + Highly Marketable Securities) / Current Liabilities. Cash includes all money …

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By Signing This Agreement You Agree (All You Need To Know)

WebWhen you sign a document containing the phrase “by signing this document, you agree…” or “by signing this agreement, I agree…”, it means that you are expressly …

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Flat Organizational Structure (All You Need To Know)

WebA “flat organization” or “flat hierarchy” is a type of organizational structure where you have no or few middle managers separating the company executives and the …

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Selling Concept in Marketing (What You Need To Know)

WebSelling concept definition. The selling concept is a subset of the marketing concepts where a business is of the view that they can be profitable by producing their …

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Adhesion Insurance (What It Is And Why It’s Important: Overview)

WebAdhesion in insurance means that the insured (the client) accepts the insurance company’s (insurer) terms and contract presented in an insurance policy. …

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68 Type of Industries (Complete List: All You Need To Know)

WebRetail trade. Transportation and warehousing. Information and cultural industries. Finance and insurance. Real estate and rental and leasing. Professional, …

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Corp to Corp vs W2 (Meaning And Differences: All You Need To …

WebA W2 employee may be a full-time or part-time employee working for a company where he or she signs an employment agreement directly with the employer. …

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What Does Term Date Mean (All You Need To Know)

WebIn contracts, a term date is the date that the contract term is set to expire. In other words, the “term date” is the date on which the contract will be terminated and the …

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The Role of A General Counsel (Corporate Legal Structure)

WebThe primary role of a General Counsel is to provide legal advice to its corporate client. The General Counsel will typically be involved in the company’s …

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W2 Contract (Best Overview: What Is A W2 Contract)

WebA W2 contract is a type of contract where a person is hired by a staffing agency and placed in an organization to fill a short-term position or handle a certain …

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Rescission of Contract (Legal Definition: All You Need To Know)

WebContract rescission is an equitable remedy in law allowing a party to cancel a contract and extinguish its legal obligations. For the court to grant a rescission of …

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Notwithstanding Anything To The Contrary (Meaning In Contracts)

WebDefinition. Notwithstanding anything to the contrary means “ despite what was previously indicated ”. In contracts, when a lawyer uses the sentence …

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7 Awesome Water Infographics (Best Infographics)

WebTakeaways. There you have it. Seven great water infographics conveying important messages about water, its preservation and how our actions is impacting our …

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