There are several ways that a business can cease operations, including winding up. Winding up a business is a legal process regulated by corporate laws as well as a company'sarticles of associationor partnership agreement. Winding up can be compulsory or voluntary and can apply toprivate and pu...
Under Tennesseelaw, a conservatorship is a legal proceeding where a court strips the decision-making abilities from someone who is a minor or has a disability or someone who cannot make decisions on their own. A conservatorship includes transferring that decision-making ability to someone else (a...
Involuntary bankruptcy is a legal proceeding that creditors may bring against a person or business that may force a debtor into bankruptcy. The main reason an involuntary bankruptcy might be granted is for a case in which a debtor has the ability to pay their debts but refuses to do so. It...
Legal hold is the first part of the eDiscovery process during civil litigation or criminal proceedings. When a company has a reasonable expectation that it will become involved in litigation or criminal proceedings, part of its responsibilities include saving documents that may be involved in that ...
However, in felony cases in most jurisdictions, a no contest plea has the exact same effect as a guilty plea and can be used as an admission of guilt in any other legal proceeding, including civil cases. No contest is not always a choice Note that you do not always have the option of...
Learn what it is, when it's used, and how it can protect your rights. 7 min read updated on October 14, 2024 Key Takeaways A cease and desist notice is a legal request to stop doing something illegal or criminal. There are two forms: a cease and desist letter (non-binding) ...
Legal action is the process of instituting a court case. In the US and most developed countries, legal action can be taken against...
An e-discovery lawyer is a lawyer who uses technology to conduct legal discovery and to manage electronic legal data in a law database. During the discovery phase of a legal proceeding–where the parties exchange information relevant to the legal matter–an e-discovery lawyer will identify, coll...
Most people have heard ofbankruptcy, but few understand the basics of this legal proceeding. Filing for bankruptcy is a legal proceeding that is intended to give individuals and businesses relief from overwhelming debt while still offering creditors a chance for, at least, partial repayment. ...
Latin for “suit pending.”“Lis pendens” is construed to be the jurisdiction, power, or control which courts acquire over property involved in a suit, pending