In legal contexts, recidivism refers to a person’s relapse into criminal behavior, often after having been previously convicted and penalized for similar or other crimes. When someone re-offends, they are described as a “recidivist.” Recidivism is a critical metric for evaluating the effectivene...
In legal terms, when someone accepts an offering they are agreeing to comply with the terms made in the offer. Acceptance can be used in a number of situations such as: In insurance law, when an insurer agrees to the person's application for insurance and in turn will issue them a ...
1099-OID: Original Issue DiscountWhen you hold bonds or certificates of deposit (CDs) that were issued at an amount less than the face value, you typically recognize as income a portion of this discount each year until the bond is redeemed or it reaches its full matured value. Form 1099-O...
In legal terms, when someone accepts an offering they are agreeing to comply with the terms made in the offer. Acceptance can be used in a number of situations such as: In insurance law, when an insurer agrees to the person's application for insurance and in turn will issue them a ...
A payroll processor is someone who administers payroll. Employers can hire someone specifically for this purpose, but in most cases, the role is filled by an office manager, human resources director or even the owner. As a result, many payroll processors have responsibilities beyond simply running...
The main agents involved in the legal hold process The steps to take when creating and issuing a legal hold For reference, here’s an example of alegal hold policyfrom the American Board of Pediatrics. There is no “one size fits all” solution when it comes to corporate legal hold polici...
t before you issue or sign an NDA. Make sure that there are well-defined explanations for terms such as financial information, trade secrets, and intellectual property so there can be no misunderstanding of what is included in the NDA’s scope. Definitions that are considered to be too broad...
Most often, you’ll need assistance from a patent attorney familiar with patent law to ensure your application is watertight. This can be an expensive process. Attorney fees aside, other patent filing costs include basic registration fees, patentability starches, and issue or maintenance fees. ...
The rules of a trust depend on the terms on which it was built. A trust can be used to determine how a person’s money should be managed and distributed while that person is alive or after their death. A trust is one way to provide for an underage beneficiary. Once the beneficiary ...
Utility patentsor patents for invention issue legal protection to those who invent a new and useful process, an article of manufacture, a machine, or a composition of matter. Utility patents are the most common type of patent. More than 90% of patents issued by the U.S. government fall in...