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An association clause is a provision in a legal document that links certain rights, responsibilities, or benefits to specific entities or individuals. It typically outlines how parties involved in an agreement or contract are connected and what obligations they have towards each other. This clause can help clarify relationships and responsibilities, ensuring that all parties understand their roles and the consequences of their actions within the agreement.
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Ca a Grandfather clause BE used in a homeowners association?
Your answer depends on the proposed insertion of the 'grandfather clause'. Association counsel, or a local, common interest community attorney can answer your question specifically. There is no standard.
What are clauses of memorandum of association?
Clauses of memorandum of association: There are many clauses related to the memorandum of association. Some of them are as follows: 1-Name Clause: According to this we have to state the name of the company. A company may adopt any name but it should not be identical to the name of an existing company registered with the registrar of the company. 2- Situation Clause: As the name indicates it describes the different situations. This clause a company must have a registered office at which all the communications and notices are to be addressed. The memorandum will only state the name of the province where office is situated and not the address where office is situated. 3-Object Clause: This is the most important clause in the memorandum. It clearly defines the sphere of the company's activities. 4-Liability Clause: This clause of memorandum contains the declaration that the liability of the shareholders is limited to the extent of the value of shares held by them. 5-Capital Clause: This clause is required to specify the amount of share capital with which the company proposes to be registered and secondly the divisions of that capital into shares of a fixed amount. 6-Subscription Clauses: This clause contains a statement by the subscribers that they are eager of forming themselves into a company and agree to have a number of shares written against their respective names. Anonymous
Is it essential that a Company trying to acquire the business of an Individual should have the acquisition clause specifically included in Memorandum and Articles of Association of the Company?
Yes, it is essential for a company intending to acquire an individual's business to have an acquisition clause included in its Memorandum and Articles of Association. This clause provides legal authority for the company to engage in such transactions, ensuring compliance with corporate governance and regulatory requirements. Without this provision, the acquisition may be considered invalid or face legal challenges, thereby jeopardizing the transaction.
The what is also known as the elastic clause?
Another name for the Elastic Clause is the Necessary and Proper Clause.
What is an objective clause?
An objective clause is a clause which is like a learning objective but this is the objective for an clause
What is the other name of your relative clause?
Restrictive Clause is the other name of relative clause..
What clause allows congress to expand its power?
full credit
An adjective clause is a clause that?
a dependent clause that modifies a noun
What kind of clause contains a subject and a predicate?
It can be an independent clause or a dependent clause. It is an independent clause if does not have a word at the beginning like "but" or "because". If there is a word like this at the beginning of the clause, it is a dependent clause.
What is an insubordinate clause?
An insubordinate clause is just another word for an Independent clause. A subordinate clause is just another word for a Dependent clause. An Independent clause is a sentence that can stand by itself and a dependent clause can't stand by itself.
What is another word for main clause?
An alternative term for a main clause is an independent clause.
What clause must always be combined with an independent clause?
A dependent clause.
