A registered agent is for a corporation and the purpose is to accept service of process. A corporation is a pay per person and that person can designate an individual, a human being or another company to accept legal papers, such as, a lawsuit, and that is the designated person to receive these documents on…
Continue reading ›Liquidated damages are an agreed fixed amount of money that parties enter into in a contract where they said if another party breaches it, this is going to be the amount they agree upon in damages. Liquidated damages frequently exceed what the law permits and there are legal limitations as to what a liquidated damage…
Continue reading ›There are many different types of contracts, but the most common component of a contract is offer, acceptance, and consideration, meaning that one party offers something, the other party supplies something else, and there’s mutual promises exchanged. There are other types of contracts also, such as unilateral contracts, where one party has offered to have…
Continue reading ›A trade secret is a form of intellectual property that is something that is of independent value because it is not generally known. The trade secret must be kept secret and the way it’s protected is in 2 ways: 1) It’s secrecy has to be maintained. For example, the Coca-Cola formula is something that is…
Continue reading ›A salary employee is someone who gets a fixed amount of money, regardless of the number of hours worked.
Continue reading ›If the employer refuses to pay severance pay, the first question the employee has to ask is was there a contractual obligation of the employer to pay severance pay. Typically there is not. Many times, executive level employees will have written contractual agreements that state that they’re entitled to a certain amount of severance pay…
Continue reading ›There are damages only if there is a contractual obligation for the employer to pay severance pay. Severance pay means that the employer is going to pay a certain amount of money at the end of the employment relationship. Some employees have written agreements ahead of time, where there has been a promise by the…
Continue reading ›Deductions from an employee’s wages typically are going to be taxes such as social security tax, medicare tax, federal income tax withholding. Sometimes there’ll be other things that are required by the government to withhold such as child support. Typically though an employer sometimes will enter an agreement with an employee where there will be…
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