https://completemarkets.com/Article/article-post/807/The-Hold-Harmless-Or-Indemnification-Clause/
... often have reviewed contracts and leases in conjunction with writing Contract...y claim for damages, (i) to obtain enforcement by way of injunction (including...
https://completemarkets.com/Article/article-post/2021/HOW-TO-BUY-SELL-MERGE-PERPETUATE-AN-AGENCY-II/
...d? What about the building? Is the lease transferable? Is rent likely to be ra...
https://completemarkets.com/Article/article-post/2646/Workers-Compensation-for-Martial-Arts-Instructors/
... show it to your landlord when you lease your studio.
You will also want Work...asses, self defense classes or law enforcement or tactical defense classes.
...
https://completemarkets.com/Article/article-post/2085/HIDDEN-LIABILITIES-IN-MERGERS-AND-ACQUISITIONS/
...and software, whether purchased or leased. The question of whether such softwa...
https://completemarkets.com/Article/article-post/2622/Stock-Purchase-Agreement/
...o pursuant to any provision of any lease, license or other agreement to which ...nts
3(aa) Agreements
3(bb) Terms of Lease of Office Premises
3(ee) Agency A...
https://completemarkets.com/Article/article-post/1626/Purchase-And-Sale-Agreement-Part-Ii/
...diction in which the Buyer owns or leases properties or conducts operations an...cceptance, performance, default or enforcement of the Note, or any security th...
https://completemarkets.com/Article/article-post/1590/AGENCY-EMPLOYMENT-AGREEMENT/
...and [Employee] hereby waives and releases all claims of right or ownership the...the costs of insurance, registration, lease or purchase payments and repairs o...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1744/AGENCY-ACQUISITIONS-LET-THE-BUYER-BE-SMART/
... transfers as well as in outside acquisitions. And keep them informed on an on-going basis to the extent that it is feasible. ADMINISTRATION. In situations where an existing operation is going to be maintained and sometimes also in fold-in arrangements, other aspects of the agency must be included in the evaluation, such as: location and appearance of the office, available square footage, ownership of the building or lease arrangements, condition of equipment and furniture; existing automated systems and compatibility with or superiority over buyer's systems; organizational structure and personnel policies (vacation, holidays, benefits, salary administration, and performance evaluation); effectiveness of procedures for handling insurance-related functions, accounting, and clerical jobs such as mail, filing, and switchboard. In situations where an existing operation is going to be maintained and ... OF BUSINESS. Examine the relationships with any accounts producing over 1% of the total revenues. Those that appear to be questionable for any reason should be treated separately in the transaction, perhaps by paying a certain percentage of renewed business only and not guaranteeing anything up front. Are any of the major accounts currently handled by a producer who is not an owner? If so, is there an enforceable employment agreement that can be assigned? Examine the relationships with any accounts producing over 1% of the total revenues. Those that appear to be questionable for any reason should be treated separately in the transaction, perhaps by paying a certain percentage of renewed business only and not guaranteeing anything up front. Are any of the major accounts currently handled by a producer who is not an owner? If ...
https://completemarkets.com/Article/article-post/1744/AGENCY-ACQUISITIONS-LET-THE-BUYER-BE-SMART/
...tage, ownership of the building or lease arrangements, condition of equipment ...footage, ownership of the building or lease arrangements, condition of equipme...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/239/Commission-Reduction-Strategies/
... only for renewed business. While some debt service is tax deductible, make it your policy to take windfall profits like profit sharing and use them to pay off or reduce debt. With the exception of premiums collected early, it is very difficult to generate any revenue on money owed to someone else, so keep it at a minimum and as an emergency measure only. Sometimes it is better to lease a piece of equipment rather than buy it, if you can get the right terms. Whether you purchase or lease and you still have to pay something to someone. Go into it to with the right attitude, and you'll have the advantage! The last strategy is to reduce your agency receivables and bad debt write-offs. This one is obvious. Agents are not selling when they are collecting ... by establishing an agency credit policy and sticking to it, you can spend more time on sales and less on collections. Get sufficient deposits and don't bind anything without either full premium or a proper deposit. Have your producers tie down payment terms before the account is bound and written. Monitor and enforce uncollectable audit payment provisions so they are turned back to the carrier when they are delinquent. Monitor producers who have consistently large additional premium audits or who have a higher than average ratio of over 30-day receivables. We have discussed receivables in past newsletters, so we won't spend a lot of time on this topic other than to say that this is an ongoing process and needs constant attention. Always remember that uncollected receivables are premiums offset with commissions, and if you are placed in the position where ...