Indemnification and advancement clauses are often seen as mere boilerplate language in a company’s governing documents, routinely copied from one form agreement to another. However, advancement clauses may be important...more
In certain circumstances, shareholders of corporations and members of limited liability companies can obtain confidential communications between corporate management and the company’s attorney that would otherwise be...more
7/18/2023
/ Attorney-Client Privilege ,
Beneficiaries ,
Breach of Duty ,
Corporate Management ,
Fiduciary Duty ,
Jurisdiction ,
Limited Liability Company (LLC) ,
Minority-Owned Businesses ,
Shareholders ,
Trustees ,
Trusts
When corporate management requests or obtains legal advice from corporate counsel, management expects those communications to be protected from disclosure by the attorney-client privilege, and usually they are. But there are...more