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 »
An Employment Agreement is a contract entered between an employer and an employee which covers the terms of employment such as duties, salary, length of employment, expense reimbursements, vacations and time off, benefits and more. This type of agreement helps protect both the employee as well as the employer. Some employment contracts also include non-compete agreements, non-disclosure clauses… Read More »
A Postnuptial Agreement is a voluntary contract between a husband and wife entered after marriage, which determines how property will be disposed of in the event of a divorce or death. They can be used when no prenuptial was entered into or to cover situations that were not dealt with in a prenuptial – such as career change,… Read More »
A Grant Deed is a common type of deed used in a few states, like California, to transfer real property from one person to another. The person making the transfer is called the Grantor. The person receiving the property is called Grantee. It is very similar to a General Warranty Deed which is used in many states. The… Read More »
A Partnership Agreement is a document or contract between two or more people that formally sets forth the terms and conditions of their partnership. It will define things like the amount of money, labor and skills that each person will bring to the business, as well as the term of the agreement, the place of business, management, profit… Read More »
A Notice to Quit is a form that is used by landlords to given written notice to tenants to vacate the leased premises because of non-payment of rent or some other type of breach. This type of notice is also known as a 3 Day Notice to Pay Rent or Quit and also Notice to Vacate. The notice… Read More »