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Legal Term For Corporate Officers Failure To Perform
- https://www.quidditch.org.au/l-office/legal-term-for-corporate-officers-failure-to-perform.html
- 1 a : a violation in the performance of or a failure to perform an obligation created by a promise, duty, or law without excuse or justification. breach of duty. : a breach of a duty esp. by a fiduciary (as an agent or corporate officer) in carrying out the functions of his or her position. breach of trust. : a breach by a trustee of the terms of a trust (as by stealing from or carelessly mishandling the funds)
Failure to Perform Duties Sample Clauses Law Insider
- https://www.lawinsider.com/clause/failure-to-perform-duties
- If Executive (A) willfully fails to comply with a reasonable direction of the CEO, or such other person as Executive is assigned to report to pursuant to this Agreement or (B) neglects to perform the material duties of his or her employment under this Agreement in a professional and businesslike manner, other than due to his or her becoming Disabled (as defined below), which failure to comply or perform continues for a period of fifteen (15) days after receipt by Executive …
Failure to Perform on a Contract or Poor ... - Corporate Law
- https://watkinsfirm.com/failure-to-perform-on-a-contract-or-poor-workmanship/
- The failure to perform on a contract is a valid reason to declare a breach of contract and pursue all strategies and legal recourse to recover for damages associated with the failure to perform and the resulting breach of contract. The party who has suffered harm as a result of the failure to perform must take all reasonable and prudent steps ...
Corporate Criminal Liability: An Overview of Federal Law
- https://fas.org/sgp/crs/misc/R43293.pdf
- Corporate officers, employees, and agents are individually liable for the crimes they ... liable for its failure to honor certain legal obligations (nonfeasance); ... CRIMINAL LAW 640-41 (2d ed. 1969)(“If a corporation had such a duty which it neglected to perform no sound reason against its conviction was available, and it was but a short ...
Failure to Perform Definition Law Insider
- https://www.lawinsider.com/dictionary/failure-to-perform
- If the Failure to Perform is without the defaulting party’s control, fault, or negligence, the termination shall be deemed to be a Termination for Convenience.. If Vendor fails to perform any substantial obligation under this Contract, Purchaser shall give Vendor written notice of such Failure to Perform.. The Total or Partial Failure to Perform the Scope of Supply section in the Terms and ...
Corporate Officers: Duties And Fiduciary ... - stimmel-law.com
- https://www.stimmel-law.com/en/articles/corporate-officers-duties-and-fiduciary-responsibilities
- Failure to perform that duty can result in personal liability of the officer to the company. The president (also called chief executive officer) reports to the board of directors and oversees day to day operations. He or she normally hires and fires employees, supervises same, and develops strategy for the company.
Glossary of Corporate Terms
- https://www.incorp.com/help-center/glossary
- An involuntary dissolution of a corporation by an act of the Secretary of State or similar state authority, caused by the corporation's failure to comply with certain statutory requirements; especially the failure to file an annual report, to pay franchise taxes or maintain a valid Registered Agent.
What Are the Ongoing Legal Obligations of a Corporation ...
- https://www.findlaw.com/smallbusiness/incorporation-and-legal-structures/what-types-of-legal-procedures-should-corporations-maintain.html
- Jun 20, 2016 · Failure to Follow Legal Procedures of a Corporation. In many situations, a failure to honor these and other corporate obligations can result in personal liability for directors, officers, or shareholders for business obligations and debts. Because of these harsh consequences and because the specific legal requirements vary depending on the ...
Breach of Fiduciary Duty: Everything You Need to Know
- https://www.upcounsel.com/breach-of-fiduciary-duty
- Jun 26, 2020 · A breach of fiduciary duty happens if a fiduciary behaves in a manner that contradicts their duty, and there are serious legal implications. It is also easier to prove a breach of fiduciary duty as there is no need to prove fraudulent or criminal intent. A breach of fiduciary duty is serious and complex.
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