What Does Retain Mean In Law?

What Does Retain Mean In Law
By “retaining” a lawyer, you are establishing an attorney-client relationship with that lawyer. There are several methods for retaining a lawyer, but typically it will require an up-front payment or fee. That fee is commonly referred to as a “retainer,” and is given to the lawyer in return for legal representation.

What do you mean by retain?

Transitive verb. : to keep in possession or use. : to keep in one’s pay or service. specifically : to employ by paying a retainer. : to keep in mind or memory : remember.

What is a retain in law?

What Is a Retainer? – To engage the services of an attorney or counselor to manage a cause, at which time it is usual to give him a fee, called the retaining fee or retainer. The act by which the attorney is authorized to act in the case is called a retainer.

What does it mean to retain rights?

Retained Rights means any and all rights, including intellectual property rights such as those rights arising from copyrights, patents, and trade secret laws, that are owned or are held under contract or license by a software developer, author, inventor, publisher, licensor, sublicensor, or distributor.

What is retain in government?

Retained Government Services means those services which the Authority is to provide and which are to be more particularised in the Agreement including, but not limited to, air traffic control, meteorology, ground electronics, and air crash and fire rescue; Sample 1.

What are some examples of retain?

To keep or continue to have something: She has lost her battle to retain control of the company. He managed to retain his dignity throughout the performance. She succeeded in retaining her lead in the second half of the race.

What type of word is retain?

RETAIN (verb) definition and synonyms | Macmillan Dictionary.

What does mean a case is retained?

What does it mean to reinstate a case? – If a case is “reinstated” it is reopened after being dismissed. If your case was dismissed for want of prosecution, you can ask the judge to reopen your case by filing a Motion to Reinstate Case on Docket and Notice of Hearing (if you file by the deadline discussed below.) See Texas Rules of Civil Procedure, Rules 165(a)(4).

What does it mean to retain a claim?

What’s a retention? – In insurance, the word retention is always related to how a company handles its business risk. When you ‘retain’ risk, it usually means you’re not insuring it. The common alternative would be to pay an insurance company an annual premium to take that risk off your hands.

  1. But we’re getting more specific than that when we’re looking at the declarations page of your policy.
  2. If you have a directors & officers, errors & omissions or cyber liability policy (among many others) you’ve probably seen it, followed by a dollar amount.
  3. The carrier is specifically referring to something called a self-insured retention (SIR).

This is the amount of money that you are required to pay, per claim, before the insurance company will start paying. The carrier is asking you to “retain” some of the risk in the form of a small amount of self-insurance. The amount they ask you to retain depends on who you are and what insurance you’re buying.

Does retain mean to hold back?

Retain means to hold on to or keep. People who can retain a lot of information are often mistaken for geniuses, but really they just have very good memories. To retain is to keep or maintain, whether in mind, possession or a certain condition. If you have a great personal assistant, you’ll probably want to retain him for as long as you can.

verb secure and keep for possible future use or application “The landlord retained the security deposit” synonyms: hold, hold back, keep back “This soil retains water” “I retain this drug for a long time” “the dam retains the water” “I cannot retain so much information” verb allow to remain in a place or position or maintain a property or feature “She retains a lawyer” “She retained her composure” “this garment retains its shape even after many washings” synonyms: continue, keep, keep on continue, persist in do something repeatedly and showing no intention to stop

What does retain counsel mean?

Retained legal counsel means a licensed attorney working in the private sector who is retained by a contractor or the Department to provide legal services.

What does it mean to retain someone’s services?

To retain someone’s services: to keep, to maintain, to preserve, to continue to have someone’s services.

Is a right to retain the possession of the goods?

Lien is the right of an individual to retain goods and securities in his possession that belongs to another until certain legal debts due to the person retaining the goods are satisfied.

Why retain is important?

10 Benefits of Employee Retention – Employee retention is not just about minimizing damage to the organization when employees leave. It also offers opportunities to improve company performance across a number of key metrics. The following are 10 ways effective employee retention strategies and processes benefit organizations.

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Cost Reduction Large U.S. employers spend upwards of $1 trillion on finding and recruiting replacement workers annually. Costs include advertising, interviewing and screening. Onboarding expenses, like training and management oversight, also add up. Other issues include lost productivity, lower engagement, customer service problems and company culture impact, all of which compounds the cost of turnover. Morale Improvement A revolving door environment can dampen employee morale. Aside from lost connections, employees who remain may have to take on heavier workloads or responsibilities. As a result, their motivation and satisfaction can also nosedive. Just as concerning is the contagious nature of turnover. Employees may decide to leave because they notice others are job hunting, talking about quitting or actually leaving the company. Organizations with successful employee retention programs can lift employee morale, enable greater connectedness and engagement, and create contagions of positive emotions in the workplace. Experienced Employees One crippling cost of high turnover is the loss of institutional knowledge, skills and relationships — within the organization and with customers and partners — that disappear when an employee exits. The organization also loses the potential value the employee could have delivered, also known as the opportunity cost, When senior employees depart, the loss can impact succession planning as well. These employees — particularly top performers or those with in-demand skills — are often at risk for turnover even in times of high unemployment. Organizations that focus on retaining more senior or experienced employees see significant returns as these professionals are apt to solve complex issues on their own, which benefits the organization. Recruitment and Training Efficiency Replacing an employee carries significant costs. After an organization finds qualified employees and successfully recruits and onboards them, they have to be trained. Should a new hire leave, all that money goes down the drain. By focusing on employee retention, recruiting costs can be dramatically reduced. Another consideration is to recruit from within the organization. The cost to train and reskill an employee from within can save an organization tens of thousands of dollars per person. Increased Productivity Persistent turnover causes a host of issues for employers. The most immediate impact is loss of productivity. On average, it can take a new hire one to two years to reach the productivity of an existing employee. In addition, new hires need time to build relationships with co-workers and customers. An understaffed environment also causes problems of its own — among them, employee overtime and burnout, lower work quality and delays. Effective employee retention can save an organization from productivity losses. High-retention workplaces tend to employ more engaged workers who, in turn, get more done. Engaged employees are more likely to improve customer relationships, and teams that have had time to coalesce also tend to be more productive. Better Customer Experience Customer experience is a customer’s perception or opinion about their interactions with a business, from their first interaction to post-sale support. These interactions depend on employees whose own experiences can impact how they engage with customers. This is where turnover can take a toll. For example, new employees might take longer to get things done, may be less adept at problem-solving and are more prone to customer service mistakes — all of which can damage the customer experience. In turn, customers might share their negative experiences, putting the organization’s reputation at risk. On the other hand, satisfied employees typically have higher morale and capabilities that shine through when working with customers. Improved Corporate Culture The perceptions, preferences and behaviors of people who work at a company form its corporate culture, which plays an indisputable role in recruiting and retaining the right people. When an employee leaves, others will often wonder why and perhaps start to question their own loyalty to the organization. Conversely, when engaged employees who are aligned with an organization’s culture stay, they strengthen the organizational ethos and environment. Better Employee Experience Employee experience is an employee’s perception of their interactions within an organization — from when they first applied for a position to when they leave. It also takes into consideration each person’s relationships with co-workers, managers and customers. A positive employee experience often fuels productivity and fosters more positive customer experiences, which can lead to greater customer loyalty. Many factors impacting employee experience are outside HR’s control. However, by focusing on what employees want and keeping more of their best talent on board, organizations can build a better employee experience, which in turn drives retention. Increased Revenue Revenue gains stem from reduced hiring costs, increases in productivity, and the delivery of better customer experiences, among others. Tracking revenue increases from retention policies can be an important HR metric to demonstrate the return on investment of those initiatives. Improved Employee Engagement and Satisfaction A positive employee experience can boost employee engagement, defined as the level of connection and dedication a person has to their role and organization. Engaged employees feel motivated and care about their work and company; they feel they have proverbial skin in the game and are more likely to stay. The level of engagement is closely tied to employee satisfaction and morale, all of which are critical to an organization’s success. An added bonus: Engaged employees often become brand ambassadors who speak positively about their companies across their networks. Focusing on employee retention pays dividends across the organization. An effective employee retention strategy is a critical component of comprehensive workforce planning. And human capital management software is a critical tool to help measure employee turnover, as well as aid with efforts to improve attrition rates and track the financial impact from those initiatives. Creating a successful employee retention approach takes significant effort, executive oversight and targeted investment, but it pays off for organizations that implement the strategies, tools and processes required to retain their best and brightest talent. Organizations that fail to focus on employee retention and turnover reduction can suffer significant blows not only in terms of the hard costs related to finding, recruiting, onboarding and training replacements, but also in terms of lost productivity and knowledge, impact on customer and employee experiences, and lower morale and weaker corporate culture.

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What is a retain position?

Retained job means a full-time equivalent position, in existence at the time an employer applies for financial assistance, which remains continuously filled and which is at risk of elimination if the project for which the employer is seeking assistance does not proceed.94 Acts, ch 1008, §5; 96 Acts, ch 1185, §1; 96 Acts, ch 1199, §1; 98 Acts, ch 1175, §5; 2003Acts, ch 145, §286; 2005 Acts, ch 150, §43, 68, 69; 2009 Acts, ch 123, §11; 2011 Acts, ch 118,§55, 56, 89; 2012 Acts, ch 1126, §1, 2; 2014 Acts, ch 1130, §1, 2, 11Referred to in §15.119, 15A.7, 15E.362 15.328 Reserved,15.329 Eligible business,1.

What is retain ownership?

What is retained ownership? Retained ownership involves the participation in the next sector of the cattle production. In other words, if you are a cow-calf producer, you retain ownership in your cattle through the stocker phase and if you are stocker operator, you retain ownership in the feedlot phase.

So, do you retain ownership in your cattle or not? The old adage I’ve heard for several years is that if you have good cattle, the longer you own them the better off you will be. Generally, that is true; however, there can be obstacles to making retained ownership work for you. First, you must analyze whether you are raising the kind of cattle that fit your environment and that produce a satisfactory product.

Then, you must analyze your costs of production to see if there are any areas you can cut costs without hurting production. The profitability of each animal is related to the performance and marketability of that animal. When you have spent an adequate amount of time addressing the internal issues of the operation, such as costs and production, you should look at the external issues affecting retained ownership.

  • We need to develop a better understanding of the various stages of the cattle cycle.
  • It is important that we understand the challenges and opportunities in each stage and their relationship to retained ownership profitability.
  • There are generally four phases considered as the cattle cycle.
  • The chart below, which I borrowed from CattleFax, does a good job indicating the profit trends for each sector of the cattle industry during each phase of the cycle.

You can see that generally during the down portion of the cycle, you might expect to have significant losses in the cow-calf sector and narrow to negative margins in the stocker and feedlot sectors. That is not to say there are not some profitable producers today, there are.

  • But this is to point out when the cattle cycle is against you, it makes it imperative that you know what your costs of production are.
  • In this manner you can lesson the risk you are taking in retaining ownership of your cattle.
  • Take every opportunity you can to make sure the odds are in your favor! Do your homework and make sure you have all of information you need in making this kind of decision.

If I can help you take a look at your information and assist you making the decision of whether to retained ownership or not, please give me a call.

How does retain work?

This tutorial explains how to use retain statement in SAS. In SAS, it’s a very easy and useful way to retain values with RETAIN statement. Create Sample Data The following program creates a sample data for demonstration – data abcd; input x y; cards; 1 25 1 28 1 27 2 23 2 35 2 34 3 25 3 29 ; run; Uses of RETAIN Statement The RETAIN statement simply copies retaining values by telling the SAS not to reset the variables to missing at the beginning of each iteration of the DATA step.

If you would not use retain statement then SAS would return missing at the beginning of each iteration. The retain statement keeps the value once assigned. Generate Serial Number Suppose you need to generate a serial number (or row index number) with data step. data aaa; set abcd; retain z 0; z = z + 1; run; We can retain implicitly by using the +1 notation.

data aaa; set abcd; z + 1; run; Output Dataset

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Output Data Set

Cumulative Score Suppose you need to calculate cumulative score. In financial data, we generally need to calculate cumulative score year to date. data aaa; set abcd; retain z 0; z = z + y; run;

Output Data Set

Generate Serial Number by Group Suppose you have a grouping variable say “region” and you need to generate a row index number by region. proc sort data = abcd; by x; run; data aaa; set abcd; retain z; if first.x then z = 1; else z = z + 1; by x; run;

SAS : Retain Statement

Cumulative Score by Group Suppose you need to calculate cumulative sale by product categories. data aaa1; set aaa; retain z1; if first.x then z1 = y; else z1 = z1 + y; by x; run;

SAS : Cumulative Score

z1 constitutes cumulative values of variable y by grouping variable x. Number of Unique Observations The number of unique rows by a group can easily be calculated with PROC FREQ and PROC MEANS. The following program explains how we can calculate number of observations in a categorical variable with Data Step.

Unique Count

Suppose you have more than 1 grouping variable data temp; input ID ID1 Score; cards; 1 1 25 1 1 26 1 2 27 1 2 29 2 1 28 2 1 29 2 2 31 ; run; data temp2; set temp; by ID ID1; if first.ID or first.ID1 then N = 1; else N+1; proc print; run; When you have more than 1 grouping variable, we can use multiple FIRST. statements with OR operator to generate serial numbers. About Author: Deepanshu founded ListenData with a simple objective – Make analytics easy to understand and follow. He has over 10 years of experience in data science. During his tenure, he has worked with global clients in various domains like Banking, Insurance, Private Equity, Telecom and Human Resource.

What is the opposite of retain?

Retain means continue to have (something); keep possession of. The opposite would be be deprived of or cease to have or retain (something) which is lose.

Where does the word retain come from?

From Middle French, Old French retenir, from Vulgar Latin *retinīre, from Latin retineō (‘hold back’), from re- + teneō (‘to hold’).

What is retain in job?

What is employee retention? – Employee retention is the organizational goal of keeping productive and talented workers and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, providing competitive pay and benefits, and encouraging a healthy work-life balance,

What is retain in education?

Introduction. Retention is the practice of not promoting students up a grade level in school (e.g., students repeat a grade level) and is based on the belief that children learn more academically by repeating a grade (Fait, 1982).

What is retain record?

Organizations are mandated by law to retain confidential client, employee and company information for a minimum period of time. So, what do you do once a document outlives its purpose? Holding onto such a document for too long poses a security risk, and can put your business in non-compliance with current privacy regulations. What Does Retain Mean In Law The record lifecycle encompasses the following phases: the creation, distribution, active storage, inactive storage and retention, disposition and archiving of an organization’s records. For example, in the U.S., many accounting and tax documents are kept for up to 7 years as mandated by IRS requirements,

What is retain in business?

Key Takeaways –

Retained earnings (RE) are the amount of net income left over for the business after it has paid out dividends to its shareholders.The decision to retain the earnings or distribute them among shareholders is usually left to company management.A growth-focused company may not pay dividends at all or pay very small amounts because it may prefer to use retained earnings to finance expansion activities.Companies may choose to use their retained earnings for increasing production capacity, hiring more sales representatives, launching a new product, or share buybacks, among others.Retained earnings are an important variable for assessing a company’s financial health because it shows the net income that a company has saved over time, and therefore has the ability to reinvest in the business or distribute to shareholders.