In old English law. Default In not replevying land In due time, when the same was taken by the king upon a default The consequence thereof Goes of seisin) was abrogated by St. 9 Edw. III. c. 2. … [Read more...]
NONSOLICITATION AGREEMENT
An agreement that a party will not solicit other employees at an ex-employer or that a client company will not solicit a consultant who was contracted for hire via an outsourcing company. An clause not to entice the employees or workers of a company. … [Read more...]
NONPROBATE
The portion of a deceased person's estate that passes to others in a way other than probate, for example, joint property with a right of survivorship, joint tenancy ownership, living trusts and life insurance proceeds. Property that does not pass through probate is often called the nonprobate estate. Nonprobate distribution may also occur should an issue arise where the … [Read more...]
NONSTOCK CORPORATION
A corporation which doesn't use shares of stock for ownership, which is determined as stated within a membership agreement. … [Read more...]
NONPROFIT
Actions carried out for purposes other than to make a profit such as charitable purposes. … [Read more...]