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Simple English definitions for legal terms

continuity of existence

Read a random definition: electronic agent

A quick definition of continuity of existence:

Continuity of Existence: This means that even if the owner of a company dies, becomes unable to work, or the company goes bankrupt, the company still exists. It doesn't just disappear. This is especially important for corporations.

A more thorough explanation:

Definition: Continuity of existence, also known as the continuity-of-life doctrine, is the principle that the withdrawal, incapacity, bankruptcy, or death of the owner of an entity (especially a corporation) does not end the entity's existence.

Example: Let's say John owns a corporation. If John dies, the corporation will continue to exist and operate as usual. The same applies if John becomes incapacitated or bankrupt. The corporation is a separate legal entity from John, and its existence is not dependent on his personal circumstances.

This principle is important because it allows corporations to continue operating even if there are changes in ownership or management. It also provides stability and continuity for employees, customers, and other stakeholders.

continuity-of-entity doctrine | continuity of interest

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11:07
all serial killers drank milk as childs
11:08
children*
11:08
whoore*
BulbasaurNoLikeCardio
11:08
@LSDFan: They call it operator syndrome now at the VA
LSDFan
11:09
lol
11:09
I thought it was door kicker syndrome from all the breaching
Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
Dkk
11:12
Lmfao, damn out of messages again. Time to go sit in the hot tub.
11:12
@BulbasaurNoLikeCardio: honestly fuck these schools
11:12
The way they act is so cringe and gives mad ick
babycat
11:12
@BulbasaurNoLikeCardio: people are saying this has been a pattern with them
babycat
11:12
imagine being a religious school and not supporting mothers. practice what you preach!
11:12
Fuck dem hoes
11:13
Child bearing people*
11:13
i cant spell fuck dont correct me
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