Nebraska Ratification of Royalty Commingling Agreement
Description
How to fill out Ratification Of Royalty Commingling Agreement?
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FAQ
Commingling refers broadly to the mixing of funds belonging to one party with funds belonging to another party. It most often describes a fiduciary's improper mixing of their personal funds with funds belonging to a client.
Commingling of funds or assets is legally a breach of trust that makes it hard to determine which funds and/or assets belong to the company and which are personal. Commingling can open a person up to civil liabilities, and in cases of alleged fraud or embezzlement criminal charges.
Commingled Contract means any Contract (including IT Contracts) used or held for use in the Business and also in the business of the Seller or its Retained Subsidiaries other than the Business, other than Intellectual Property license agreements.
Commingling Agreement means an agreement between two (2) or more Initiators of Deposit allowing some or all beverage containers for which they have initiated deposits to be commingled by Dealers and Redemption Centers.
Real estate commingling is the act of mixing the client's funds with the broker's own funds. This is illegal and happens when a broker or real estate agent fails to properly deposit their client's funds into an escrow account, client trust, or earnest money account within the mandated time frame.
