commercial law

False Advertising

Under Section 43(a) of the Lanham Act, a claim can be made against a defendant for false or misleading advertising. For a claim against a defendant for false advertising, the following elements are met and the plaintiff must show: (1) defendant made...

Federal Acquisition Regulation


Government contracts are subject to a multitude of regulations which govern acquisitions by executive branch agencies. Foremost among these is the Federal Acquisition Regulation (FAR...

Federal Trade Commission

The Federal Trade Commission is an independent federal agency established by Congress. The FTC is led by five appointed commissioners, and is separated into two different bureaus: the bureau of consumer protection, which focuses on consumer fraud and...

Federal Trade Commission (FTC)

Definition from Nolo’s Plain-English Law DictionaryA federal government agency established to regulate business practices and enforce antitrust laws. The FTC often shows up in the news when big businesses attempt to merge, but it also plays a role in...

Firm Offer

Under Article 2 of the Uniform Commercial Code, in a sale of goods, if the seller is a merchant under the definition of a merchant in Article 2, and in a signed writing promises to keep an offer open, this creates a firm offer which is irrevocable. The...


See "Free on Board"

Foreign Corporation


A corporation that does business in a state but is incorporated in a different state or a foreign country. A foreign corporations must file a notice of doing business in any state in which it does substantial business.

Compare to a...

Foreign Direct Investment

Foreign Direct Investment: An Overview

The International Monetary Fund (“IMF”) defines foreign direct investment (“FDI”) as a “cross-border investment” in which an investor that is “resident in one economy [has] control or a...

Forum Selection Clause

A contractual agreement that designates the court and location where the parties would like to have their legal dispute decided is commonly known as a "forum selection clause."

A forum selection clause seeks to provide a court with "personal...

Franchise Agreement

Definition from Nolo’s Plain-English Law DictionaryThe contract that establishes the terms of a franchise relationship.

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