The term “vicarious liability” refers to situations where one party is liable for the negligent actions of a third party for which it is liable.
Employers are more likely to avoid vicarious liability by actively exercising reasonable care to prevent any negligent behavior on the part of their employees.
As an employer and their employees, parents can also be held vicariously liable for negligent acts committed by their children.
A legacy clause is a provision that allows people or organizations to follow the old rules that once governed them instead of the new ones, often for a limited time.
The Multi-Employer Social Security Facility (MEWA) is a way for a group of employers to pool their resources to provide their employees with the best health insurance options.
Voting trust agreements allow shareholders to transfer their voting rights to the trustee, effectively giving the trustee temporary control of the corporation.
Choice 83(b) is an Internal Revenue Code (IRC) provision that gives an employee or startup founder the ability to pay taxes on the total fair market value of the restricted shares at the time of grant.
Carriage and insurance paid until when the seller pays the freight and insurance to deliver the goods to the party appointed by the seller at the agreed place.