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A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term.It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement.
Aside from the manner in which couples register and the non-use of the word "marriage", civil partnerships grant most of the same legal rights as marriage and generally operate under the same constrictions (one difference being that marriage requires dissolution by divorce while a civil union does not).
City of Harrisburg: Both opposite- and same-sex couples may register as "Life Partners" with the City of Harrisburg's Life Partnership Registry. [66] Luzerne County: Same-sex couples only. [67] City and County of Philadelphia: Residents of the city or at least one partner employed by the city. Both opposite- and same-sex couples. [3]
Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...
A domestic partnership is an intimate relationship between people, usually couples, who live together and share a common domestic life but who are not married (to each other or to anyone else). People in domestic partnerships receive legal benefits that guarantee right of survivorship, hospital visitation, and other rights.
Another dramatic solution to a deadlock, a Texas shoot-out involves each party sending a sealed all-cash bid to an umpire stating the price at which they are willing to buy out the other party. The sealed bids are opened together, and the highest sealed bid "wins", and that bidder must then buy (and the "loser" must sell) the other half share ...
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