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What Does Clawback Mean In a Contract?

Clawback in a contract requires that an employee returns the money paid to them by their employer. Remember that every employee signs a contract promising to deliver as the employer expects. However, when the performance report indicates otherwise, the clawback provision helps the employer solve the case. You have to pay the penalty aside from …

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How Do You Divorce in a Blended Family?

Divorcing a blended family follows the standard divorce procedure but is more complicated and comes with several challenges. A blended family is where spouses have children from previous relationships or marriages. They may also have children together. It is often not very clear what obligations step-parents have towards their stepchildren. Here are some complications blended families face …

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Do Shareholders Have More Power Than Directors?

Generally, shareholders hold power in a company, and the directors are responsible for its daily operations. Often, shareholders and directors work together and decide the way forward for the company. However, this isn’t always the case, and disputes between directors and shareholders are common. Conflicts occur when shareholders disagree with the actions taken by directors. …

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Why Are Preemptive Rights Important to Shareholders?

Preemptive rights grant existing shareholders buying preference when new shares of the company are issued. Essentially, the purpose of preemptive rights is to guarantee that an existing shareholder’s ownership interest is not reduced if the company issues more shares. A shareholder is an individual who owns shares of stock (units of ownership that represent fractional parts, …

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The Ultimate Guide to Interlocutory Appeals

Generally, you cannot appeal a court’s class action decision until they have issued a final order in your case. However, in extremely limited situations, you can appeal a non-final judgment through a process known as an interlocutory appeal. What Is an Interlocutory Appeal? In the legal system, an appeal is a request for a higher …

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