A business that has complied with all the requirements of its state incorporation statute and is legally allowed to do business as a corporation.See alsoDe facto corporationCorporation
(dee minn-uh-miss) Trifling or of little importance. Usually refers to something so small, whether in dollar terms, importance, or severity, that the law will not consider it.
Definitions are critical to the operation of the rule of law. Often a legal dispute centers on the meaning of a particular word in a statute, contract, or legal opinion.
The plural form of dictum. A statement of opinion or belief considered authoritative because of the dignity of the person making it. The term is generally used to describe a court's discussion of points or questions not raised by the record or its...
A remedy requiring a party who profits from illegal or wrongful acts to give up any profits he or she made as a result of his or her illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment.
A reason that persuades parties not to engage in certain conduct. Laws often create intentional and uninentional disincentives through criminal penalties and tax provisions.
The act of creating a disincentive or withdrawing a previously existing incentive.
See Incentivize (contrast).