Courtesy: Letter of refusal Many other variations are possible. A fully drafted ROFR addresses all of the types of issues and more, and in the case of valuable or complex transactions it is subject to negotiation and review by business transaction attorneys. However, many ROFR are not completely specified. Even the best drafted ROFR agreements […]
Author Archives: owner
Courtesy: Letter of refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the […]
Courtesy: Lean six sigma certification Six Sigma projects follow two project methodologies, inspired by W. Edwards Deming’s Plan–Do–Study–Act Cycle, each with five phases. DMAIC DMAIC’s five steps The DMAIC project methodology has five phases: Some organizations add a Recognize step at the beginning, which is to recognize the right problem to work on, thus yielding an RDMAIC methodology. Also […]
Courtesy: Lean six sigma certification The term Six Sigma comes from statistics, specifically from the field of statistical quality control, which evaluates process capability. Originally, it referred to the ability of manufacturing processes to produce a very high proportion of output within specification. Processes that operate with “six sigma quality” over the short term are assumed to produce […]
Courtesy: Lean six sigma certification Six Sigma (6σ) is a set of techniques and tools for process improvement. It was introduced by American engineer Bill Smith while working at Motorola in 1986. Six Sigma strategies seek to improve manufacturing quality by identifying and removing the causes of defects and minimizing variability in manufacturing and business processes. This is done by using empirical and statistical quality management methods […]
Courtesy: Letter of refusal Many other variations are possible. A fully drafted ROFR addresses all of the types of issues and more, and in the case of valuable or complex transactions it is subject to negotiation and review by business transaction attorneys. However, many ROFR are not completely specified. Even the best drafted ROFR agreements […]
Courtesy: Letter of refusal ROFR: Abe owns a house and Bo offers to buy that house for $1 million. However, Carl holds a right of first refusal to purchase the house. Therefore, before Abe can sell the house to Bo, he must first offer it to Carl for the $1 million that Bo is willing […]
Courtesy: Letter of refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the […]
Courtesy: Lead Auditor training on Bs 25999 Management systems assessment and certification BSI representative presenting a standards certification to the International Maritime Organization in 2018 With 80,000 clients, BSI is one of the world’s largest certification bodies. It audits and provides certification to companies worldwide who implement management systems standards. BSI also runs training courses […]
Courtesy: Lead Auditor training on Bs 25999 BS was BSI’s standard in the field of Business Continuity Management (BCM). It was withdrawn in 2012 (part 2) and 2013 (part 1) following the publication of the international standards ISO 22301 – ″Societal Security — Business continuity management systems — Requirements″ and ISO 22313 – ″Societal Security — Business continuity management systems — Guidance″ Upon its […]