Not subject to be levied upon. Non-leviable assets are assets upon which an execution cannot be levied. Farmers' F. Ins. Co. v. Conrad, 102 Wis. 387, 78 N. W. 582. Non licet quod dispendio lioet. That which may be [done only] at a loss is not allowed [to be done.] The law does not permit or require the doing of an act which will result only in loss. The law forbids such … [Read more...]

A binding agreement between persons or entities where either one party or all parties agree not to disclose information that may be exchanged between the parties that is confidential in nature and to treat specific information as a trade secret. Nondisclosure agreements are frequently used when parties discuss a potential business relationship that includes development, … [Read more...]

A term applied to all letters and parcels which are by law excluded from transportation in the United States malls, whether on account of the size of the package, the nature of its contents, its obscene character, or for other reasons. See U. S. v. Nathan (D. C.) 61 Fed. 936. … [Read more...]

A trust where the trustee must carry out wishes but has no discretion as to the investing, spending or distribution of the assets. … [Read more...]

A contractual clause where a party agrees not to make disparaging remarks or negative statements about the other party. Typically this is included within a settlement agreement. … [Read more...]