Many business contracts include a termination-on-bankruptcy provision. While bankruptcy law restricts enforceability of ToB provisions, in some instances they are enforceable and the proposed model l…
Many nonprofit organizations are allowing directors to vote by email. Email voting is simple and fast, but it is a risk: in many jurisdictions email voting fails to comply with law requirements for a…
Rather than rely on donations, many nonprofits seek to become self-sustaining through earned income. Any nonprofit organization can consider launching a for-profit subsidiary to generate revenue, whi…
Business combinations involving nonprofits have important differences from their for-profit counterparts. An overview of common forms of nonprofit business combinations highlights differences in thes…