The Final Rule prohibits an employer from entering into, or attempting to enter into, a non-compete clause with a “worker” (including, e.g., employees and independent contractors) or representing that a worker is subject to a non-compete clause.[2]The Final Rule allows employers to mainta...
The Final Rule does not prohibit employers from enforcing non-compete clauses where the cause of action related to the non-compete clause accrued prior to the Effective Date of the Final Rule.[6] The Final Rule further provides that it is not an unfair method of competition to enforce or ...
For example, extended-term life insurance offers coverage beyond the initial term, while the extended-term nonforfeiture option ensures that some benefits continue even if premiums are not paid. Additionally, it’s valuable to be aware of whetherdecreasing term life insuranceis no longer available,...
Although the State Council has not promulgated implementation measures for the 2023 Company Law, it is anticipated that some companies may need to reduce their registered capital to lower capital contribution requirements to mitigate the potential impact on the cash flow of their shareholders. ...
the United States, the first legislation along these lines appears in the U.S. Constitution, in Article I, Section 8, Clause 8, where the so-called Copyright Clause gives Congress the authority to enact laws "securing for limited Times to Authors and Inventors the exclusive Right to their ...
If your policy has a non-forfeiture clause, you may options to get full or partial benefits if you want to cancel your plan or if your policy lapses. Reduced paid-up insurance is one. The other two include a cash surrender or extended term insurance. You’ll need to pick the one tha...
Under California law, a felony is a serious criminal offense that can result in imprisonment for more than one year. Felonies are considered more severe than misdemeanors and can have significant consequences, including loss of voting rights (while in prison), professional licenses, and the ability...
Law. The case was brought to the Supreme Court after Nebraska state Senator Ernie Chambers sued on the grounds that opening prayer before the session by a state-sponsored chaplain was a violation of the establishment clause of the First Amendment. [Pictured: A copy of the U.S. Bill of ...
A nonforfeiture clause is an insurance policy clause stipulating that an insured party can receive full or partial benefits or a partial refund of premiums after a lapse due to nonpayment. Standard life insuranceandlong-term care insurancemay have nonforfeiture clauses. The clause may involve retu...
Many real estate contracts also contain a forfeiture clause. This clause states that when a person buys a property, the contract is an obligation to make installment payments on the note. If the borrower should fail to uphold their end of the purchase contract, the seller may end the agreemen...