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- Corporate Resolution
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- Convertible Note Purchase Agreement
- Commodity Contracts: Everything You Need to Know
- FMLA PA: Everything You Need to Know
- What Is Waiver of Notice of Annual Meeting?
- Legal Form of Organization in Business Plan
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- 5 min read
Bylaws are the internal legal rules applicable to a corporation and must be followed by the company, its directors, shareholders, and officers when conducting business. They are applicable to both for-profit and nonprofit corporations.
State statutes govern what bylaws can and cannot say and do, and while there are similar considerations throughout the country, every state is different. So, it’s important to consider state-specific laws when drafting bylaws.
Generally, bylaws are legal documents that formally set out the rules of a company. While they may seem like a burden at times, once the company and its personnel are familiar with them and what they require, they can help the company work more efficiently by p
- 4 min read
Common Equity: What Is It?
Common equity is the total amount of all investments in a company made by common equity investors, including the total value of all shares of common stock, plus retained earnings and additional paid-in capital. The measure of common equity does not include the value of preferred equity, that is, the value of preferred stock or any other related interest (limited liability units, or limited partnership interests) with preferred equity status.
Issues regarding equity investment in a company can be complicated. Potential investors are strongly advised to
Right of First Refusal
- 7 min read
Updated October 28, 2020:
What is a Right of First Refusal?
A right of first refusal, also called a ROFR, the first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell it to whomever they want.
There's even a ROFR in many child custody agreements. It requires that one parent offer the other parent the chance to watch the kids before using a family member or outside child care.
A Right of First Offer: What is it?
A right of first offer or ROFO requires owners to
- 13 min read
Updated August 30, 2022:
What Is Cyber Law?
Cyber law is any law that applies to the internet and internet-related technologies. Cyber law is one of the newest areas of the legal system. This is because internet technology develops at such a rapid pace. Cyber law provides legal protections to people using the internet. This includes both businesses and everyday citizens. Understanding cyber law is of the utmost importance to anyone who uses the internet. Cyber Law has also been referred to as the "law of the internet."
Cybercrime and Cybersecurity
Areas that are related to cyber law include cybercrime and cybersecurity. With the right cybersecurity, businesses and people can protect themselves from cybercrime. Cybersecurity looks to address weaknesses in computers and networks. The International Cyberse