It makes sound business sense for an organization that is parting ways with a high-level employee to make the decision to have a severance agreement drawn up. That's because while it may end up costing them up-front in the form of additional compensation, enhanced benefits or other “in kind” consideration, it can nevertheless grant much-needed peace of mind going forward.
Since 2001, the U.S. has exported chicken meat to Cuba because of an exemption in the trade embargo that permits the sale of agricultural products. Cuba is already our fifth-largest export market for chicken, but if the trade embargo is lifted, we could export more -- and that could be very good for Georgia.
When securities disputes arise, the forum through which these matters are most often resolved is not the courtroom but rather the boardroom. Specifically, the language of most governing contracts dictates that securities disputes involving individual investors and/or securities professionals must be resolved via arbitration held before the Financial Industry Regulatory Authority or FINRA.
As we've touched on before, one of the most important tasks that would-be limited liability companies, limited partnerships, nonprofit corporations and corporations must complete at the outset of operations is filing with the Corporations Division of the Georgia Secretary of State.