Every business should be prepared for when the current leader or leaders leave, for whatever reason. Proper planning allows a business to retain it’s industry experience, despite losing top personnel.
Latin terms and phrases appear in legal discussions for a variety of reasons. One of the common legal areas where one might encounter such a phrase involves determining responsibility between an employee and an employer in the case of mishap.
Trusts can be thought of as contracts. They allow people to impose rules on inheritances, minimizing or eliminating estate taxes, if necessary. The “trustee” of the trust can distribute the property owned.
In the legal world, facts are subject to a high level of scrutiny. When facts are important to a case, they will be disputed. The law is subject to interpretation as decided by judges, and in criminal cases and most lawsuits, juries decide the facts.