What Exactly Is a Contract Note? Contract note refers to a written record of a transaction done by a client with his/her stock broker. It is a complete record of every trade and related fees and charges of a specific day/week/month entered into by a client with his broker. A contract note must be duly signed by the broker and…
Defining Contract Reformation Contract reformation is the legal procedure under which a court modifies an existing written contract to reflect the actual agreement of the parties. Generally speaking, a contract only can be reformed to correct mutual mistakes, unilateral mistakes, or to prevent fraud or misrepresentation. A unilateral mistake occurs where only one party has a mistaken understanding of one…
Why Legal Recruiters in New York Exist World class legal talent is found all over the world, but the penthouse view of the legal profession is New York, and so too is the exclusive domain of the "Big nLaw" firms (which I will discuss a little later). The ability to entice top talent from other markets, whether in the United…
What is a Conflict of Interest in Massachusetts? A conflict of interest in Massachusetts exists when a person’s commitment to a group or some other legal entity such as a corporation, requires them to prioritize the interests of that group or entity above the interest the person has in providing impartial services to the public or the group in question.…
Michigan Slander Explained Slander in Michigan is primarily governed by the Michigan common law tradition and, to some extent, state statutes. Slander, a subset of defamation, is the spoken form of defamation, where false statements about a person’s character, business, or personal attributes are made to a third party, causing reputational damage to the one who has been slandered.In Michigan,…
Wisconsin Contempt Of Court 101 In Wisconsin, contempt of court is an act of disobedience or a willful violation of the express terms of a court order. An individual can also be found guilty of contempt if they have been ordered to act and then fail to do so, or if they are ordered not to act and do so…
Tennessee Inheritance Laws Explained An overview of the concepts of "intestacy" and "intestate" are helpful to understanding inheritance. "Intestacy" is the condition of an estate of a deceased person who has not left a valid will or any other form of trust to dispose of his or her property as would a will or other disposition devise. The terms "intestate"…
What Is a Deferred Prosecution Agreement (DPA) in North Carolina? A Deferred Prosecution Agreement is an agreement between the government and the defendant to hold all charges against the defendant in abeyance (essentially yield) pending successful completion of the deferred prosecution period. In NC, deferred prosecutions are available for drug offenses. These are also called "Drug Diversion Programs" by some…
What is a Contract Addendum? A contract addendum is an attachment or an extension that’s added onto a legal agreement or contract in order to modify, specify, add and/or remove specific terms. It may contain all the particulars of a supplemental or amended agreement, such as signatures of all other parties involved in the original contract, and is usually signed…
Confidentiality Agreements in International Transactions An international confidentiality agreement is a contract between parties in two or more countries that establishes the terms under which parties must protect certain confidential information. This contract is fundamental to building trust with international counterparts and is crucial for protecting information when entering foreign markets. Most often, these international confidentiality agreements are created as…