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What does without consideration mean?
Consideration is the value paid for property. Property acquired without consideration means there was no money paid to the grantor. That is frequently the case in inter-family transfers.
What are some examples of separate property in a marriage and how is it defined in legal terms?
Separate property in a marriage includes assets acquired before the marriage, gifts or inheritances received by one spouse during the marriage, and property specifically designated as separate in a prenuptial agreement. In legal terms, separate property is defined as assets that are not considered marital property and are owned solely by one spouse.
What is the agreement that resulted in acquired territory between Mississippi River and the Rocky Mountains?
The Louisiana Purchase.
Is student loan a spousal debt after divorce?
If the debt was acquired during the divorce is could be taking into consideration.
What is leasehold in balance sheet?
Leasehold means all premises acquired on lease agreement to be used in business for revenue generation.
What are life story rights and how can they be acquired for the purpose of creating a film or book adaptation?
Life story rights refer to the legal permission needed to adapt someone's life story into a film or book. These rights can be acquired by negotiating with the individual or their estate, typically through a legal agreement known as a life rights agreement. This agreement outlines the terms and conditions for using the person's story, likeness, and other aspects of their life for the adaptation.
What steps should be taken to protect divorce assets acquired before marriage?
To protect divorce assets acquired before marriage, it is important to keep them separate from marital assets. This can be done by maintaining clear documentation of ownership, such as prenuptial agreements or keeping assets in individual accounts. It is also advisable to consult with a legal professional to ensure that these assets are properly protected in the event of a divorce.
What happens to contracts when a company is acquired?
When a company is acquired, the contracts it has in place may be transferred to the new owner. The new owner is typically responsible for fulfilling the terms of the existing contracts, unless otherwise specified in the acquisition agreement.
What happens to unvested stock options when a company is acquired?
When a company is acquired, unvested stock options may be treated differently depending on the terms of the acquisition agreement. In some cases, they may be converted into equivalent options in the acquiring company or cashed out at a predetermined value. It is important for employees to review the details of the acquisition agreement to understand what will happen to their unvested stock options.
Who owns copyrights for book North Fork by Doris Gates?
It depends on her agreement with Viking, and her will. The best move is to contact Penguin (which acquired Viking) for details.
Can a promissory noted be enforced after the debt was acquired?
If you mean that a note to pay back the debt was signed by the debtor upon the debt being acquired, then yes. Any note that the person signs saying he or she will pay back a debt is a legally binding agreement.
Prenuptial Agreement?
Prenuptial Agreement(Download)______________, referred to as the prospective husband, and ______________, referred to as the prospective wife, agree:The parties contemplate marriage and desire to fix their respective rights and entitlements regarding each other's property. Each party herewith waives the right to:_______________________________________________________________.Share in each others estate upon death, whether by will, statutory right, statutory share, dower, curtsey, whether such right now exists by case law or by statute.To alimony, whether permanent or rehabilitative, separate maintenance, or other forms of spousal support, or division of property due to their status of marriage or former marriage.EACH PARTY IS AWARE THAT UNDER THE LAW, COURTS HAVE THE AUTHORITYTO IGNORE THIS AGREEMENT UNDER CERTAIN CIRCUMSTANCES IF ANY SPOUSE IS IMPOVERISHED AND THE OTHER IS NOT.To the sharing in the increase in marital assets regarding separate property during marriage.To sharing in any pension, profit sharing, government or military pension plan.Each party acknowledges an opportunity to consult with independent counsel of their own choice.Each party acknowledges that:They have made a full and complete disclosure of their respective financial conditions to the other prospective spouse.Each spouse represents to the other that they have adequate separate resources for their own support.This pre-marital agreement represents the entire agreement of the parties, and there are no representations others than those stated herein. This agreement may only be modified in a writing executed by both parties.READ CAREFULLY BEFORE SIGNING -- THIS IS A LEGALLY BINDING INSTRUMENT.Dated: _________________________________________________________________Prospective HusbandSocial Security Number:__________________________________________Prospective WifeSocial Security Number:Prenuptial AgreementReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This is a straightforward Prenuptial Agreement that deals with the assets and earnings of the parties, only. No provision is made for dealing with any issue, or children, emerging from the marriage.Signing the agreement benefits both parties by providing clarity should the relationship dissolve. It benefits the party with more assets by clearly leaving the premarital assets in their hands. This is especially helpful for those people entering a marriage with a trust fund or other assets. The weaker financial party has less reason to sign the agreement.
