Master Confirmation Agreement 101 Master Confirmation Agreements are used in derivative transactions, repurchase agreements and securities lending relationships. A Master Confirmation Agreement is a stand-alone agreement that (i) contain a master confirmation of, and (ii) set forth the standard terms and conditions for, each future transaction, and in turn sets forth the standard terms and …
Introduction to Virginia Knife Laws Virginia law does not prohibit possessing or transferring knives; however, the laws do prohibit certain knives in certain circumstances and in certain locations. We’ll discuss these exemptions and limitations below.In Virginia there are two primary statutes, both forming Title 18.2 Chapter 4: Crimes Involving Weapons, that directly impact knife law. …
A Closer Look at the NBC Legal Internship The purpose of the NBC Legal Internship is to provide aspiring legal professionals with a comprehensive understanding of the specific legal considerations and issues faced by a major television network. Its objectives include not only honing the interns’ research and writing abilities, but also providing practical experience …
What Constitutes an Air Intake System? In general terms, an air intake system is a system attached to the engine’s air intake manifold and is designed to allow air into the combustion chamber. How much air can the intake system pass through to the intake manifold? The system should be able to pass between 15 …
What is Considered a 3rd DUI Conviction in Florida? A Florida 3rd offense DUI is a serious matter, especially because the penalties are substantially stricter than they are for a 1st or 2nd offense. Florida DUI manslaughter is a felony for which prison time is most certain. A 3rd offense DUI is charged as a …
Facts About Nonprofit Labor Laws At their core, labor laws are a collection of laws that govern the relationship between employees, employers, and unions. Labor laws are created from federal, state, and sometimes, local statutes regarding the activities of the aforementioned. Labor laws tend to cover things like employee rights, minimum wage, working hours, and …
How is a California Unpaid Internship Defined? Since 2010, California labor laws about unpaid internships have been hotly litigated (and previously summarized in this blog). To differentiate a true unpaid intern from a paid employee, and avoid expensive class action liability and expense due to unpaid overtime, California courts have employed the so-called "primary beneficiary …
What is Raw Milk Before examining the legalities of raw milk sales in New York, it is important to understand exactly what raw milk is. In its most basic form, raw milk is unprocessed milk taken straight from a cow (or other milk-producing animal, such as a goat). Micro-organisms, some of which may be harmful …
Gas Transport Restrictions Explained Gasoline transport regulations, including the DOT hazardous materials regulations and TSA requirements for transportation by rail, are among the most complex of the common hazardous material and hazardous substance regulatory schemes. For example, while gasoline is a flammable liquid regulated as a hazardous material, it is also considered a "petroleum product" …
What Is a Postnuptial Agreement? What is a Postnuptial Agreement?The number of postnuptial agreements being entered into in California is on the rise. A postnuptial agreement is a written contract executed by both spouses during their marriage whereby they agree on the disposition of their assets and the payment of spousal support or alimony provisions …
