by Daryl Lum | Apr 12, 2024 | Glossary
A charitable trust is a legal entity created to advance charitable causes or benefit the public. It is formed when a settlor (the person establishing the trust) transfers assets, such as money, property, or investments, to trustees, who then manage and administer the...
by Daryl Lum | Apr 12, 2024 | Glossary
Indemnity is a legal concept that involves one party agreeing to compensate another for the harm or loss that they have suffered or might suffer in the future, which is related to a specified event or transaction. This compensation can cover any losses, damages, or...
by Daryl Lum | Apr 12, 2024 | Glossary
Fiduciary duties refer to the highest standard of care imposed by law or equity on individuals who manage the assets or interests of others. These duties are entrusted to individuals or entities (fiduciaries) who have a relationship of trust and responsibility with...
by Willie Tan | Apr 12, 2024 | Glossary
A minority shareholder is an individual or entity that holds a minority stake in a company, meaning they own less than 50% of the total outstanding shares of the company’s stock. As a result, minority shareholders typically have limited influence and control...
by Willie Tan | Apr 12, 2024 | Glossary
A Memorandum of Understanding (MOU) is a document that outlines the terms and details of an agreement or understanding between two or more parties. It is a formal, non-binding agreement that is a precursor to a more detailed contract or formal agreement. MOUs are...
by Willie Tan | Apr 12, 2024 | Glossary
The Memorandum of Association (MOA) is a legal document that serves as one of the founding documents of a company. It outlines the fundamental principles and objectives upon which the company is established and operates. The MOA sets out the company’s...
