Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily. Ending a corporation becomes more complex with more owners and more assets.
Without recourse is a phrase meaning that one party has no legal claim against another party. It is often used in two contexts:
Witnesseth is legal jargon for the term witness. The general meaning is “to take notice of” or “to witness.” With the passing of time, the usage of the term “witnesseth” has declined but it is still used in contracts to make them look more formal.
[Last reviewed in July of 2024 by the Wex Definitions Team]
Wrongful termination is a terminated employee's claim that the firing breached an employment contract or public policy.
A yellow dog contract is an agreement between an employer and an employee in which the employee agrees not to join or remain a member of a labor union as a condition of employment.
