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Companies and creators interested in protecting valuable information and inventions often agonize over how to describe such concepts in the nondisclosure agreements (“NDAs”) they execute with their employees, independent contractors and commercial counterparties. If the formulation is broad, the contract could be challenged for being overly vague and indeterminate. On the other hand, a narrower…

In connection with the formation of investment funds, due diligence is a critical component of such transactions. At such times, investors have the opportunity to undertake efforts to assess and learn critical information about the managers of such vehicles. To streamline and standardize the due diligence process for investment fund transactions, the Loan Market Association,…

SOFR?:  “Secured Overnight Financing Rate” Secured or unsecured:  secured Collateral type:  U.S. Treasury securities Publisher:  New York Federal Reserve Bank Interest rate benchmark replaced:  Effective Federal Funds Rate (“EFFR”) (from a commercial perspective, SOFR was developed to replace LIBOR (or the London Inter-Bank Offered Rate) for lending- and derviatives-related instruments, in each case linked to…