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To simplify application, Treasury Regulation 1.263-4(f)(1) enacts a “12-month rule” allowing the taxpayer a current deduction for amounts paid to create rights or benefits that last beyond one year of the taxpayer realizing the right or benefit if that benefit doesn’t last beyond the taxable year following the tax year the initial payment ...
For the purposes of this chapter, the term "scheme or artifice to defraud" includes a scheme or artifice to deprive another of the intangible right of honest services. [68] § 1346 was known as the "McNally fix." [2] In Skilling v. United States (2010), the Court construed § 1346 to apply only to bribes and kickbacks. [69]
The work-product doctrine is more inclusive than attorney–client privilege.Unlike the attorney–client privilege, which includes only communications between an attorney and the client, work product includes materials prepared by persons other than the attorney themselves: The materials may have been prepared by anybody as long as they were prepared with an eye towards the realistic ...
In July 2012, the European Court of Justice ruled in the case UsedSoft GMbH v. Oracle International Corp. that the sale of a software product, either through a physical support or download, constituted a transfer of ownership in EU law , thus the first sale doctrine applies; the ruling thereby breaks the "licensed, not sold" legal theory, but ...
Intangible property is used in distinction to tangible property. It is useful to note that there are two forms of intangible property: legal intangible property (which is discussed here) and competitive intangible property (which is the source from which legal intangible property is created but cannot be owned, extinguished, or transferred).
The International Accounting Standards Board standard 38 (IAS 38) [7] [8] defines an intangible asset as: "an identifiable non-monetary asset without physical substance". This definition is in addition to the standard definition of an asset which requires a past event that has given rise to a resource that the entity controls and from which ...
Rule 14 allows parties to bring in other third parties to a lawsuit. Rule 15 allows pleadings to be amended or supplemented. Plaintiffs may amend once before an answer is filed, a defendant can amend once within 21 days of serving an answer, and if there is no right to amend, seek leave of court ("leave shall be given when justice so requires.")
From 1996, the Recommendations were effectively split into two parts: the Model Regulations, which form a suggested drafting for laws and regulations on the transport of dangerous goods; and the Manual of Tests and Criteria, which contains technical information about methods of testing products to ascertain their hazards.