by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
Who is an Exempt Employee? According to the Fair Labor Standards Act, an exempt employee is an employee that is not qualified for minimum wage or overtime payment. The main reason for these employees being exempt by the Fair Labor Standards Act (FSLA) is that this set...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Exculpatory Clause? An exculpatory clause is a provision in a contract relieves a party from liability resulting from the execution of a contract. That is, it is used to relieve a party to a contract from liability for errors that occur during a project...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Conglomerate? A conglomerate is a combination of multiple businesses or different parts of companies that function as a single group. A conglomerate is made up of several firms that are distinct in operations but stringed together to operate under one group....
by Jason M. Gordon | Feb 23, 2025 | Consumer Protection
What are Lemon Laws? Lemon laws are a United States law that offers protection to consumers when they purchase vehicles or other lemon products that do not meet their intended usefulness. A lemon law is a legal protection that consumers enjoy when they buy defective...
by Jason M. Gordon | Feb 23, 2025 | Real Estate, Personal, & Intellectual Property
What is Knowledge Capital?Knowledge capital is the entirety of intellectual capital that a company has which makes up its intangible assets. The intangible assets of a company include processes, ideas, innovations, procedures, expertise, experience, techniques,...
