WebAffiliate agrees to indemnify Legendary Marketer and hold it harmless from any and all liability including judgments, civil penalties, refunds, attorney fees, court costs or lost business incurred by the Company as a result of the Affiliate’s unauthorized representations or actions. This provision shall survive the cancellation of this Agreement. WebMar 23, 2011 · The same joint liability applies, and companies have to realise that taking on hundreds, or even thousands of “Affiliates” places them at liability risk. If you do not …
Affiliate or Affiliates Definition Law Insider
WebAn affiliate’s ability to pay shall be determined after consideration of the liquid assets or revenues available from external sources (i.e. determination shall not include dividend … Web(h) Covered affiliate. The term “covered affiliate” means a futures commission merchant , retail foreign exchange dealer, commodity trading advisor , commodity pool operator , … did mozart have a silly laugh
Statutory Issue Paper No. 25 Accounting for and Disclosures …
WebFeb 1, 2024 · Description. Pension funding obligations are not limited to the immediate employer and sponsor of a pension plan. Under ERISA, each member of a "controlled group" is jointly and severally liable for certain defined benefit pension plan liabilities, including withdrawal liability that arises when an employer ceases contributions to a … Depending on the level of ownership an entity has in a connected business, it may be termed as an affiliate, associate, or subsidiary of a parent company. In most cases, affiliate and associate are used synonymously to describe a company with a parent company that only possesses a stake of between 20 and … See more A subsidiary typically becomes part of a parent company to provide the parent company with specific synergies, such as increased tax … See more An investment in an associate or affiliate company is one in which the acquiring company owns between 20 and 50% of the shares. This … See more For liabilities, taxation, and regulation purposes, subsidiaries are distinct legal entities. However, parent companies are required to combine … See more In many instances of foreign direct investment(FDI), companies create subsidiaries and affiliates in host countries to prevent any negative stigma associated with foreign ownership or negative opinion associated with … See more did movies in the 1920s have sound