A Copyright Registration is the process that protects the author of an original work and gives them exclusive rights to their work and prevents others from using the work without permission. It makes the copyright claim public. Although actual registration is not required, a registration with the copyright office might be required before the holder of the copyright… Read More »
An Invoice is a form given to a buyer by a seller which indicates the product or services, quantity and price for the product or service provided by the seller to the buyer. The invoice will also indicate when the payment is due and what the terms of payment are. Definition of Invoice .
A Mechanic’s Lien, which sometimes is referred to as a Supplier’s Lien or Construction Lien, is a document that will assist suppliers, laborers contractors and subcontractors to collect wages and monies due to them for labor, materials and professional services provided in connection with work on an owners real or even personal property. The Mechanic’s Lien is in… Read More »
A Non-Compete Agreement, sometimes also called a non compete clause, is an agreement between two parties under which one of the parties receives consideration and agrees not to compete with the other party in a certain business, for a certain period of time and/or in a certain geographic area. Usually a non-compete agreement is entered between an employer… Read More »
An Operating Agreement is a contract among members of a limited liability company (commonly known as an LLC) governing the membership, management, rights, duties, operation, capital contributions, voting rights, transfer of interest, dissolution and distribution of income of the company. Operating Agreement are similar to a corporation’s bylaws. Definition of Operating Agreement.
An Agency Agreement is a legal contract between the Principal and the Agent by which the Agent agrees to act of behalf of the Principal and the Principal agrees to be bound by the actions of the agent. The Agency Agreement usually sets forth terms such as the purpose of the agency, the term of the agreement, the duties… Read More »
Minutes of Meetings are a written account of what transpired at a meeting. In corporations, minutes are used as written records of Shareholder meetings as well as Board of Director meetings. They will describe the parties present, topics discussed, resolutions approved, decisions made and any other important information about the meeting. The minutes are usually kept with other… Read More »
A Stock Certificate is a written instrument that documents the ownership of a specific number of shares in a corporation. They are usually used by smaller corporations, since large corporations don’t usually issue paper stock when shares are purchased. Definition of Stock Certificate, Share Certificate and Certificate of Stock.
The Articles of Incorporation is the document that is prepared and filed in many states that creates a corporation. It outlines the basic structure of the corporation and includes information such as the name and address, purpose, powers, registered agent, number and types of shares of the corporation, the number and type of shares of stock to be… Read More »
A Living Trust is a document used in estate planning that allows the Grantor to transfer property to the Beneficiaries named in the Living Trust. They are popular because they can pass assets while avoiding the sometimes costly and time consuming probate process and can help maintain privacy. Living Trusts can be either revocable or irrevocable, but become… Read More »