Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which ...

The International Alliance of Theatrical Stage Employees and Alliance of Motion Picture and Television Producers have reached a tentative deal on a new Hollywood Basic Agreement and Videotape ...

The Teamsters and other Hollywood Basic Crafts unions have reached a tentative deal on a new contract with the major studios — deals that are expected to bring at least two years of calm between labor ...

From one “hot labor summer” to the next: Below-the-line workers will sit down with the Hollywood studios Monday to begin talks for new film and TV contracts. All eyes, metaphorically speaking, are on ...

Federal government agencies hire contractors to provide billions of dollars in services and products, according to the U.S. Small Business Administration. A significant percentage of government ...

Only 7% of LAist readers currently donate to fund our journalism. Help raise that number, so our nonprofit newsroom stays strong in the face of federal cuts. Donate now. Two months after they voted to ...