business law

Winding up

Definition

The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.

See: Dissolution of corporation.

Winding up a corporation

Definition

See: Dissolution of corporation.

Withdrawal of a corporation

Definition

See: Dissolution of corporation.

Wrongful termination

A fired 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. Wrongful discharge claims...

Yellow dog contract

Definition

An agreement between an employer and employee in which the employee agrees not to join or remain a member of a labor or employer organization. Yellow dog contracts are generally illegal.

Illustrative caselaw

See, e.g. Lincoln Federal...

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