business law

Shipment Contract

Under Article 2 of the Uniform Commercial Code, a shipment contract is one way in which buyer and seller could contract to allocate risk of loss between buyer and seller when goods or lost or damaged before the buyer obtains them from the seller and...

Silent partner


Member of a partnership who shares in the partnership's profits and losses but is not involved in active management of the company. A silent partner could still be personally liable for the company's debts unless the partnership is a limited...

Simplified Network Application Process Redesign (SNAP-R)

SNAP-R is the online system that the Department of Commerce's Bureau of Industry and Security provides to the public. Users can submit export license applications and commodity classification requests securely through this system.

Single-entry accounting

Single-entry accounting is a method of tracking business assets, liabilities, income, and expenses which records each transaction a single time. Also referred to as single-entry bookkeeping. Compare with double-entry accounting, which logs...

SLAPP suit


Stands for Strategic Lawsuit Against Public Participation. Lawsuit filed strategically by a corporation against a group or activist opposing certain action taken by the corporation, usually in the realm of an environmental protest. Typical...

Sole proprietor


Owner of a sole proprietorship. See: Sole proprietorship.

Sole proprietorship


A business entity owned and managed by one individual. The owner, called a sole proprietor, does not pay separate income tax on the company, but reports all losses and profits on his/her individual tax return. Because the owner is...

Specially Designated Nationals and Blocked Persons List

The Department of Commerce’s Bureau of Industry and Security (BIS) is primarily responsible for regulating the export of commodities and related technology whose widespread release could compromise U.S. national security. BIS maintains a list of...

Specific performance

A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm. Most commonly ordered in cases involving real property and rare chattels....

Sports law

sports law: an overview

Sports Law encompasses a multitude areas of law brought together in unique ways. Issues such as antitrust, contracts, and torts are quite common. For further information in these areas see:


Sports Law...