Hanover Non-Profit Attorneys & Lawyers

What Is the Key Man Clause?

A key man clause (or key person clause) says that when certain executives of an investment firm are absent, the firm cannot make any new investments until they replace them. Investments need constant watching. Therefore, it's important for investment firms to always have someone in charge.

Key man clauses trigger anytime the executives named by the clause aren't spending enough time managing the firm's investments. This can happen if the executive:

• Dies
• Suffers a permanent or long-term disability
• Spends too much time at another job
• Quits or is fired
• Is convicted of a serious crime

Whatever the cause happens to be, if the executive can't do his or her job, the key man clause puts investing on hold at the very least. Sometimes it means the investment firm has to end, depending on how big the firm is and how important the key person was. Wh

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Updated November 12, 2020:

What Is Tortious Interference?

Tortious interference occurs when a business tries to economically harm a competitor by interfering with a contract or relationship. Breach of contract is the most common cause of interference. However, it is not the only form.

Interference often leads to economic damage. For example, the interference could involve the sale of a business. It could also happen if a vendor offers a business unreasonably low prices, causing the buyer to breach a contract with another vendor. Interference must be intentional to result in a legal suit.

Basics of Interference

The defendant in one of these cases is the person who interfered with the contract. Interference can happen in many ways, including:

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What Is International Trademark Search?

International trademarks are used by companies that are planning to export their services or products overseas. The registration and application process for international trademarks is regulated by the Madrid Protocol. Unlike the trademark protection provided by the U.S. Patent and Trademark Office, this registration prevents the use of companies' intellectual properties worldwide.

The World Intellectual Property Organization (WIPO)

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Updated October 5,2020: 

What is a DMCA Notice?

A DMCA notice informs a company, web host, search engine, or internet service provider that they are hosting or linking to material that infringes on a copyright. The party that receives the notice should take down the material in question as soon as possible. If the site owner doesn't comply, the ISP can forcibly remove the content.

You can send out a DMCA notice, not just for infringing material, but also for any indices, references, or pointers that lead to infringing material.

DMCA stands for Digital Millennium Copyright Act. A DMCA notice is also known as a DMCA takedown notice or a DMCA request. The DMCA covers any

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What is Capital Stock?

Capital stock is the common stock and preferred stock that a company is allowed to issue according to its corporate charter. Common and Preferred stock can be separated into different classes of stock with their own features. In accounting, capital stock is one part of the equity section on a balance sheet.' Only corporations can sell capital stock to investors.

Capital stock is not necessarily equal to the number of shares that are currently outstanding. It is the maximum number of shares that can ever be outstanding. If a company wants to change this number, they have to change it on their charter. This is

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