The Financial Conduct Authority announced the transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by year-end 2021.
The Uniform Commercial Code, or UCC, is a set of model rules that govern commercial transactions in the United States. Every state has adopted these model rules in substantially similar form, meaning that the terms of a commercial contract entered into in Connecticut is enforced in the same way as the terms of a commercial contract in Texas or any other state.
Creating a corporation has a number of benefits. It allows for streamlined pooling and transferring of assets. It provides limited liability protection for its corporate owners who, after incorporation, are generally not personally responsible for business debts.
The legal industry has seen exponential growth with the increased demand and use of law-centric tech tools. While many traditional firms have been slow to adapt, the COVID-19 pandemic has expedited the implementation and use of virtual solutions by firms that would have otherwise delayed or resisted.
Paintings, inventions, scientific breakthroughs, novels, performances, and software are different products, but they have something in common. A maker invests time, intellect, and creative energy to develop these creations, which are termed intellectual property (IP).
After the World Health Organization declared COVID-19 a pandemic, many states imposed lockdowns, ordering non-essential businesses to close and limiting public interaction.
One of the most important pieces of progressive labor laws comes from the idea of collective bargaining. Workers, especially those at risk of unfair treatment, rely on collective bargaining to provide them with a safe work environment and fair wages.
While the altruistic aspects of practicing law are important, lawyers must remain mindful that a law practice must turn a profit to survive.
A corporation’s bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation’s day-to-day operations.