LSDefine

Simple English definitions for legal terms

key person

Read a random definition: encheson

A quick definition of key person:

A key person is someone who is very important to a business. They are usually responsible for making the business successful. Another name for a key person is a key man.

A more thorough explanation:

Definition: A key person is an important officer or employee who is primarily responsible for a business's success. They are also known as a key man.

Example: John is the CEO of a successful tech company. He has been with the company since its inception and has played a crucial role in its growth and success. He is considered a key person because his leadership and expertise are essential to the company's continued success.

Explanation: In this example, John is the key person because he is the CEO and has been instrumental in the company's success. If he were to leave the company, it could have a significant impact on the business's operations and profitability. Therefore, it is important for the company to have a plan in place to mitigate the risk of losing a key person.

key-number system | kickback

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

HopefullyInLawSchool

16:17

Possibly

RoaldDahl

16:26

Cool

RoaldDahl

16:26

thank you!!!! i hope it means something

pinkandblue

16:31

fart

IrishDinosaur

16:36

Mich R gang lesgooo

AromaticDazzlingLlama

17:19

Did anyone else get that random get to know nova email?

HopefullyInLawSchool

17:21

Ya it was sent to all YM applicants

starfishies

17:37

Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet

PoloBoy

17:38

Better yet I got the email and I was rejected last month

starfishies

17:38

Wtf

starfishies

17:39

and the deadline is in like a week what is this

DashingThroughRaindrops

18:01

any cardozo movement?

BatmanBeyond

18:01

Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response

BatmanBeyond

18:02

This whole hold/wait-list/reserve system is a headache

DashingThroughRaindrops

18:02

loci already?

BatmanBeyond

18:09

If the odds are like 1-2% I don't think it matters much by the numbers

ChuChuB

12:11

I got the same NDLS email

OrangeThing

12:18

I think the user profiles are broken

HippoDad

19:29

Any word out of Notre Dame?

HippoDad

19:29

Only the invitation to apply for LSE

HippoDad

19:29

Anyone received a decision from NDLS?

bigfatsloth

19:50

when did u guys apply that just heard from umich? they havent even glanced at my app yet

folkmore

0:30

how am i supposed to spy on people when profile links are broken?

BroadMotionlessStingray

5:02

Right. Broken links smh

mastermonkey45

11:40

I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.

EmptyFlakyGoose

12:08

The profile links are not working for me. anybody else?

bigfatsloth

13:18

i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march

CheeseIsMyLoveLanguage

13:24

@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)

steelrift99

14:30

Sent an app to OSU in early december and have STILL not heard back

TabooHomelyCrane

16:31

Give it 4 more weeks at least. Everyone in this chat needs to wait longer.

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