Legal Definitions - key man

Definition: A key man, also known as a key person, is an important officer or employee who is primarily responsible for a business's success.

Example: The CEO of a company is often considered a key man because they are responsible for making important decisions that can impact the success of the business.

Explanation: A key man is someone who plays a critical role in the success of a business. They may have unique skills, knowledge, or experience that is essential to the company's operations. If a key man were to leave the company, it could have a significant impact on the business's ability to function effectively.