12/05/2011 In the real estate context, a Right of First Refusal (ROFR) and a Right of First Offer (ROFO) are contractual rights that permit the purchase of property, or the lease of space, upon the occurrence of certain events, often referred to as trigger events.
17/02/2011 Effective for plan years beginning after 2007, the PPA requires actuaries of single-employer defined benefit plans to determine and certify the plan's adjusted funding target attainment percentage (AFTAP).
15/05/2012 As with any type of business transaction, there are many considerations that must be taken into account when approaching the negotiation of a software license agreement.
08/06/2010 Sometimes, a purchase agreement will provide that after the buyer discovers a defect during its due diligence (for example, a physical defect or a troublesome lease), the seller must first be given the opportunity to cure the defect before the buyer may cancel the agreement.
30/08/2011 The United States Bankruptcy Code provides that any interest that a debtor holds in property as of the date of the debtor's bankruptcy filing becomes property of the debtor's bankruptcy estate.
