The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.
See: dissolution of corporation.
business law
winding up a corporation
The process of dissolving a corporation or settling the affairs of a dissolved corporation. Winding up a corporation generally takes place when a corporation decides to end a business or declares bankruptcy. Winding up involves the settling...
withdrawal of a corporation
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...
witnesseth
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...
wrongful termination
Wrongful termination is a terminated employee's claim that the firing breached an employment contract or some public law.
Where an employment contract requires termination only for cause, a terminated employee can sue for arbitrary discharge....
yellow dog contract
Yellow dog contracts are agreements between an employer and employee in which, often as a precondition to being hired, the employee agrees not to become a labor union member or act in collaboration with other employees. There are both federal...