Did you know that according to the National Center for Drug Abuse Statistics, more than 244,000 Americans are sent to prison annually for drug-related crimes? Even though the number of arrests made for drug possession and drug crimes slightly dropped in 2020, drug use and drug overdose are still a big issue in the US. …
In business, the term “traunch” is used to describe a portion of funding that is disbursed over time, typically in predetermined amounts or on a schedule. This can be a useful financing tool for businesses that need funding for long-term projects or initiatives. In this article, we will discuss the definition of traunch and how …
In the world of contracts and legal agreements, it is common to include the phrase “signed at city and state” at the end of a signature line. This phrase is more than just a formality – it serves an important purpose in ensuring that the contract is legally enforceable and valid. In this article, we …
In business settings, you may encounter the phrase “at your discretion” quite often. This phrase is commonly used in a professional context and has a specific meaning that can impact the decision-making process. Understanding this term is essential for making informed choices that align with the expectations of the workplace. What Does At Your Discretion …
Bear with me is a commonly used expression that people use when they want the listener to be patient while they finish something or gather their thoughts. It is often used in situations where the speaker needs time to collect their ideas or organize their thoughts before proceeding with a conversation or presentation. In this …
When it comes to real estate, there are various terms and concepts that are important to understand, and one of them is naked title. This term refers to a legal concept that is used to describe a situation where someone owns the title to a piece of real property, but does not have the right …
Legal disputes can be complex, and the process of discovery is no exception. In the course of a lawsuit, parties may be required to produce documents or provide testimony. However, in some cases, one party may refuse to comply with a discovery request. When this happens, the other party may file a motion to compel. …
Net Operating Working Capital (NOWC) is a measure of a company’s liquidity and its ability to pay its short-term obligations. It is calculated by subtracting the current portion of long-term debt and non-interest bearing liabilities from the company’s operating working capital. What is Net Operating Working Capital? Net Operating Working Capital (NOWC) refers to the …
Tender of Delivery is a legal term that refers to the act of offering goods or services to another party, typically in the context of a contract or agreement. In this article, we will explore what Tender of Delivery means, how it works, and why it is important in business and legal contexts. What Is …
The entertainment industry involves many different elements, including creators, distributors, and performers. Ancillary rights are an important aspect of this industry, as they allow these different parties to benefit from their work in various ways. In this article, we will define ancillary rights and explore their role in the entertainment industry. What Are Ancillary Rights? …