What is a Unit Offering? There are diverse ways through which companies trade in the security market, one of them is a unit offering. Unit offering describes a case in which securities are offered or sold as a group. When a public or private offers more than one securities as a set or group, this is unit offering.  This form of offering entails an i...

What is a Traditional IRA? A traditional IRA (individual retirement account) is a retirement savings strategy that offers tax deductions or tax advantages to employees. In a traditional IRA plan, employees or individuals can do investment with their pre-tax income, that is, an individual can invest for future purpose which is tax-deferred. The Emplo...

What is a Deed in Lieu of Foreclosure? It is a deed instrument that transfers the right of ownership in a property from the mortgagor (borrower) to the mortgagee (lender). Borrowers who are in default may choose this option for avoiding a foreclosure. In such cases, the borrower surrenders the deed to the property, typically the home, to the lender ...

What is a Design-build Contract? It is a type of contract used in the construction industry where design and construction services are done by a single entity. The project owner signs a single agreement with a contractor who is responsible for both the design and the construction. How Does a Design Build Contract Work? Traditionally, the owner used ...

What is a Defect Of Record? The defect of record refers to a public record that reveals any encumbrance on the title of a property. A defect otherwise known as encumbrance is a claim, lien, or restriction on a property. When the title of a property is encumbered or defective, it fails to meet certain inspection specifications and must be recorded. T...

Provisional Patent Templates When filing a patent application, you should not attempt to reinvent the wheel. This is why the initial patent search process is so important. It can provide you with the specific language used to described the various protectable elements of your invention. There are many websites that offer templates for drafting provi...

What is the Positive Deviance Model?  The Positive Deviance method, described by Pascale and Jerry Sternin (2005), is a change methodology that holds that managers must actively look for those extraordinarily successful groups and individuals, and bring the isolated success strategies of these "positive deviants" into the mainstream.  Best practice ...

How To Do A Design Patent Search? A design patent covers the appearance, aesthetic, or ornamental features of a product of manufacture. Securing a design patent requires filing with the United States Patent and Trademark Office (USPTO). To secure design patent rights, the applicant must demonstrate that the design is novel and non-obvious. This is g...

What is an Excess Insurance and Umbrella Insurance Policy? Excess liability insurance provides insurance when the limits of underlying liability policy has been reached. This type of insurance provides additional limits of insurance, that is, it extends the coverage of General Liability Insurance, even when it has reached its limits. A good example ...

What is the Federal Communications Commission? The Federal Communications Commission (FCC) is an independent US agency created to oversee and monitor interstate communications by radio, television, wire, satellite, cable and international communications inclusive. The FCC is a regulatory agency answerable to the Congress. The FCC maintains jurisdict...