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In part, courtesy of
FindLaw.com
Acquisition - The act of becoming the owner of
certain property like a business entity.
Consumer Protection - Law designed to protect
consumers against unfair trade and credit practices involving faulty or
dangerous goods.
Contract -
A formal agreement
between two parties, in which an offer is made and accepted, and both sides
benefit.
Copyright -
A person’s right that protects their fixed creations from being copied or duplicated without their permission.
Fiduciary -
A person who stands in
special relationship of trust with another. The law imposes strict
obligations on the fiduciary to place the interests of the other person
above the fiduciary’s own interest. An example of this is in a trust account
for a minor.
Joint Venture - A business undertaking by two
or more persons engaged in a single defined project.
Limited Liability Company - A company within
which the liability of each shareholder is limited to the amount
individually invested.
Merger - The absorption of one company which
ceases to exist into another that retains its own name and identity.
Negotiable Instruments - A written document
signed by the maker that includes an unconditional promise to pay a sum of
money.
Patent - A legal right that excludes anyone
other than the patent holder from using an invention for a set period of
time. Not all countries recognize U.S. patents. Therefore, just because you
have a U.S. patent, dos not mean that someone in India could not copy your
invention.
Secured Transaction - A business arrangement by
which a borrower gives collateral to the lender to guarantee payment of an
obligation.
Statute of Frauds - A requirement that certain
types of contracts must be in writing and signed to be enforceable.
Trademark
- A word or symbol used to distinguish one
corporate product from another. Trademarks are used to protect the
genuineness of a product and if they qualify they can be registered with the
U.S. Patent and Trademark Office. Trademarks can vary by state, or be
nationwide.
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