commercial law

Entity List

The Bureau of Industry and Security (BIS) controls the export of commodities and related technology whose widespread release could compromise U.S. national security. The Entity List is found in Supplement No. 4 to part 744 of the Export Administration...

Espionage

Definition from Nolo’s Plain-English Law DictionaryThe act of spying on or monitoring the activities of a government or company in order to gather secret information.

Definition provided by Nolo’s Plain-English Law Dictionary.

Exclusive License

Definition from Nolo’s Plain-English Law DictionaryA written contract in which the owner of a patent, copyright, trademark, or trade secret authorizes, for a limited time, someone (the licensee) to exclusively exercise one or more of the rights. For...

Extended Warranty Contracts

Definition from Nolo’s Plain-English Law DictionaryWarranty coverage on an item that kicks in after the warranty coverage provided by the manufacturer or seller expires. Many consumers are encouraged to buy extended warranties (also called service...

Face Amount

The value on the face of an instrument.

Examples:

On a check: the amount the bearer may withdraw.

On a loan or mortgage: the amount of money the borrower receives (does not include interest to be repaid).

On a life insurance...

Face Value

Definition from Nolo’s Plain-English Law DictionarySee: face amount

Definition provided by Nolo’s Plain-English Law Dictionary.

Factoring

The purchase of accounts receivable for a lump sum of money. The buyer of accounts receivable is called a factor. The factor acquires future income generated by the accounts, and the seller acquires immediate cash to fuel its business.

Fair Debt Collection Practices Act

Background

A creditor may seek to collect an outstanding debt in several ways. However, because of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors,” 15 U.S.C. § 1692, in 1978, Congress...

Fair Debt Collection Practices Act (FDCPA)

Definition from Nolo’s Plain-English Law DictionaryA federal law that prohibits certain debt collection practices, including harassing, abusing, or lying to debtors, contacting third parties about a debt (except in limited circumstances), and contacting...

Fair Trade Laws

Definition from Nolo’s Plain-English Law DictionaryState laws that permitted manufacturers or producers to set minimum rates for the resale of the product. They have been repealed in most states.

Definition provided by Nolo’s Plain-English Law...

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