Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily. Ending a corporation becomes more complex with more owners...
COMMERCE
without recourse
A phrase meaning that one party has no legal claim against another party. It is often used in two contexts:
1. In litigation, someone without recourse against another party cannot sue that party, or at least cannot obtain adequate relief even...
witnesseth
Witnesseth is legal jargon for the term witness. The general meaning is “to take notice of” or “to witness.” With the passing of time, the usage of the term “witnesseth” has declined but it is still used in contracts to make them look more...
workout
Workout is an arrangement negotiated between a debtor and creditor to take care of a debt, by paying it off or through loan forgiveness. A workout agreement is a mutual agreement entered into by a borrower and a lender to reschedule the terms...
world wide web (www)
The World Wide Web (WWW), often known as WWW, W3, or the Web, is the most widely used software platform on the globe. Tim Berners-Lee proposed the architecture of what became the World Wide Web. It is an information-based environment where...
wrongful termination
Wrongful termination is a terminated employee's claim that the firing breached an employment contract or some public law.
Where an employment contract requires termination only for cause, a terminated employee can sue for arbitrary discharge....
yellow dog contract
Yellow dog contracts are agreements between an employer and employee in which, often as a precondition to being hired, the employee agrees not to become a labor union member or act in collaboration with other employees. There are both federal...