by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a People Poison Pill?A people pill is a type of poison pill used by target firms as a defense from hostile takeover bids. When a target company uses a people pill, it issues threats to an acquiring company that its entire team of employees and management team...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is Credit Disability Insurance? Credit disability insurance is insurance coverage that provides additional safety by helping make payments when one is incapacitated to work for a period of time. A disability can stop you from the income you need to meet monthly...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Competition In Contracting Act?Competition In the Contracting Act, also known as CICA, refers to a policy enacted in 1984 by Congress to encourage competition for government contracts. It is a United States legislation that governs contractors hiring...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is Assigned Risk? An assigned risk refers to a poor risk, that is, a risk that is difficult to insure but an insurance company is required to provide coverage for in accordance with the state law. For instance, if a person such as an accident-prone driver is...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
What is a Best-Interest Contract Exemption?The best-interest contract exemption (BICE) is a rule passed by the Department of Labor which allows fiduciaries to receive payments in ways that were previously prohibited. BICE permitted or exempted transactions that were...
