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BUSINESS LAW GLOSSARY |
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Glossary of Business
Law Terms
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Reasonable Care: The standard of care in
negligence cases; the duty to act reasonably so as to avoid harming others.
Records: In business, particularly
corporations, all the written business documents, especially about financial
dealings. Thus, shareholders and partners are entitled to access to the
"records" of the business.
Redemption Rights: Right of repurchase
enjoyed by a corporation that exist for certain shares of stock.
Redemption: A repurchase of shares from
shareholders by a corporation.
Register: In corporations, the record of
shareholders, and issuance and transfer of shares on the records of the
corporation.
Registered Agent: The person or entity
that is authorized to receive legal papers on behalf of a corporation.
Registered Office: The official address of
a corporation. Typically this address is the same as that of the registered
agent.
Remand: The decision of an appellate court
to send a case back to the trial court with instructions on how to correctly
decide the case; often used with the term "reversed." Reversed means
that the appellate court overturned the trial court's decision.
Remedies: Relief that the plaintiff
receives from the defendant in a lawsuit. Often this will include monetary
damages or equitable relief (i.e. injunctions).
Reorganization: The implementation of a
business plan to restructure a corporation, which may include transfers of stock
between shareholders of two corporations in a merger.
Resident Agent: The person or entity that
is authorized to receive legal papers on behalf of a corporation.
Respondent: The party that won at trail.
Restraint of Trade: In antitrust law, any
activity (including agreements among competitors or companies doing business
with each other) which tends to limit trade, sales and transportation in
interstate commerce or has a substantial impact on interstate commerce.
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