Unenforceable refers to a contract, law, or agreement that, although valid, will not be enforced by a court. An unenforceable contract provision is not void, and if the parties fulfill the contract’s terms, the court will not object. However...
business law
unfair competition
The law of unfair competition encompasses torts that cause economic harm to a business through deceptive or wrongful business practices. Unfair competition can be broadly divided into two categories:
Unfair competition: This term is...unfair labor practices (ULPs)
Unfair Labor Practices: An Overview
Unfair labor practices (ULPs) refer to actions taken by employers or labor organizations that violate the rights of employees or employers as defined by various labor laws. These practices, prohibited...
Uniform Commercial Code
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, adopted in some form by every state and the District of Columbia. It aims to provide uniformity and consistency across states’ commercial laws...
unilateral
Unilateral refers to a one-sided action or decision performed by or affecting only one party, person, or group involved in a particular situation, without the agreement or participation of others.
See also: Bilateral,...
unilateral contract
A unilateral contract is a contract created by an offer that can only be accepted by performance.
In a unilateral contract, there is an express offer that payment is made only by a party’s performance. Common examples...
unincorporated
Unincorporated generally describes an entity or organization that has not been formally established as a legal corporation. This term can also refer to something not mixed or combined with another entity.
In constitutional...
unincorporated business organization (UBO)
An unincorporated business organization (UBO) is a business arrangement used in lieu of a company or partnership. The investor acts as the settlor of the trust and gives the management rights to the trustee, who holds title to the property...
unissued stock
Unissued stock is the stock that has been authorized for use in the company’s charter but that the company has not sold (issued) either to the shareholders or other investors in the market.
Unissued stock does not accumulate...
unjust enrichment
Unjust enrichment occurs when Party A confers a benefit upon Party B without Party A receiving the proper restitution required by law. This typically occurs in a contractual agreement when Party A fulfills their part of the agreement and...