What is limited liabilty?
Limited liability is a principle of business law which shields the owners of a business from the business's liabilities. Owners of a business which has limited liability may lose …
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Severance Packages
There are a lot of decisions to be made quickly when your employer informs you that your job is being terminated. Many of those decisions are recorded in a formal severance package. While few employees will walk away with the tens of millions of dollars that Conan O’Brien secured when NBC decided to put Jay Leno back in the late night lineup, the legalities of individual severance …
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Wrongful Termination of Employment
In the absence of an employment contract, an American employee is an employee at will. The employee at will doctrine allows employers and employees the freedom to terminate the employment relationship for good cause or for no cause at all. However, it does not allow the employer to fire an employee for “bad” or “wrongful” cause. What is “Wrongful"? …
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