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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...] about NON-LEVIABLE

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...] about NONDISCLOSURE AGREEMENT (NDA)

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...] about NON-MAILABLE

A clause in an agreement which prohibits a person or party from competing in a similar niche, geographic area and for a certain time with a prior employer or with the purchaser of a business that has been sold. … [Read more...] about NONCOMPETE CLAUSE

A defect in the delivery of specific goods or a specific performance. Where the goods or service do not conform with what was agreed under contract. … [Read more...] about NONCONFORMANCE