commercial law

Adhesion Contract (Contract of Adhesion)

Overview

An adhesion contract (also called a "standard form contract" or a "boilerplate contract") is a contract drafted by one party (usually a business with stronger bargaining power) and signed by another party (usually one with weaker...

Advance

Definition from Nolo’s Plain-English Law DictionaryA type of loan or payment in which money is paid ahead of time, in anticipation of repayment or other future adjustment. For example, paying for goods before they are shipped.

Definition provided by...

Agent for Acceptance of Service

Definition

See: Agent for service of process

Agent for Service of Process

Definition

The person designated by a business entity, such as a corporation, to receive legal correspondence on behalf of the business entity within the state which the agent's address is located. The person may be an officer of the corporation or a...

Agreement

An agreement is a manifestation of mutual assent by two or more persons to one another.

It is a meeting of the minds in a common intention, and is made through offer and acceptance. An agreement can be shown from words, conduct, and in some...

Alcohol

Alcohol, Tobacco, and Controlled Substances: An Overview

Health and other public concerns have generated detailed Federal and state regulation of the sale and possession of alcoholic beverages, tobacco products, and a wide range of other "controlled...

Amortization

Definition from Nolo’s Plain-English Law Dictionary(1) A periodic payment plan to pay a debt (such as a mortgage or car loan) by a certain date, in which interest and a portion of the principal is included in each payment. Payments are usually calculated...

Anchoring

A common bias that affects people's estimation of value based on examples that may be loosely related or not related at all to the situation at hand.

Antitrust Laws

The three key federal statutes in Antitrust Law are Sherman Act Section 1, Sherman Act Section 2, and the Clayton Act.

The Per Se Rule v. the Rule of Reason:

Violations under the Sherman Act take one of two forms -- either as a per...

Antitrust Violations

Violations of laws designed to protect trade and commerce from abusive practices such as price-fixing, restraints, price discrimination, and monopolization. The principal federal antitrust laws are the Sherman Act (15 U.S.C. §§ 1-7) and the Clayton Act...

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