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It is understood between the parties and the mediator that the mediation will be strictly confidential. Mediation discussions, any draft resolutions and any unsigned mediated agreements shall not be admissible in any court or other contested proceeding. Only a mediated … Continue reading →

Check the status of your installment agreement request. Can’t pay your tax bill and want to get on a payment plan? You can apply for an installment agreement. The payment arrangement with the FTB must be made by electronic funds … Continue reading →

Without limiting the generality of the foregoing, except for the “Timeshare Agreement” described in the first item listed on Schedule 3.30, CMS is not a party to nor is it bound by any agreement requiring CMS to assign any interest … Continue reading →

In November 1998, the nation’s leading cigarette manufacturers, including Philip Morris USA and the other Original Participating Manufacturers (OPMs), signed a contract called the Master Settlement Agreement (MSA) with the Attorneys General of 46 states, five U.S. territories and the … Continue reading →

In the fields of mergers and acquisitions and corporate finance, a material adverse change (abbreviated MAC), material adverse event (MAE), or material adverse effect (also MAE) is a change in circumstances that significantly reduces the value of a company. A … Continue reading →

Indian law is very stringent on this point. It has invalidated many agreements on this around although they could have been allowed by the English Common Law. English Law has wavered from time to time with the changing conditions of … Continue reading →

Using an escrow agent during a business transaction introduces an impartial intermediary who agrees to hold funds until goods have been delivered. This escrow agreement template can be used to identify an escrow agent and establish an escrow agreement between … Continue reading →

Novation is also used in futures and options trading to describe a special situation where the central clearing house interposes itself between buyers and sellers as a legal counter party, i.e., the clearing house becomes buyer to every seller and … Continue reading →

A tenant is required to declare any existing disputes between him and the landlord at the time when the attornment is being executed. If a tenant refuses a request for attornment, a landlord can use it to establish grounds of … Continue reading →

Example 1: Purchaser P acquires all the stock of target T from individual J for $200 million in cash. T has approximately $20 million of liabilities and assets with a fair market value of approximately $220 million. J is the … Continue reading →