Collective mark is a mark used only by the members of an association, cooperative or other collective organization. A collective organization may include an association, union, cooperative, fraternal society or other organized groups. Like...
business sectors
collusive bidding
Collusive bidding refers to an agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Where collusive bidding is well established, prices can rise substantially, in some cases by as...
collusive suit
A collusive suit (also referred to as a friendly suit) is a lawsuit where the parties are not actually in disagreement but are cooperating to steer the court towards some agreed-upon conclusion. As seen in United States v. Johnson, collusive...
color
Color, in a legal sense, refers to the appearance of a thing, as distinguished from the thing itself.
For example, the color of law refers to the appearance of legal authority or an apparently legal right, and is often used to...colorable transaction
A colorable transaction is a transaction that appears bona fide legitimate, but upon further inspection reveals itself as fraudulent or otherwise invalid. Because the term is often used in hindsight when the transaction proves invalid, a...
comfort letter
Comfort letters are statements from an issuer’s auditor that the auditor reviewed the issuer’s financial data and assures its accuracy.
In public offerings, underwriters generally request comfort letters to establish a due...
commerce
Commerce refers generally to the activity of exchanging products, goods, and services for financial gain. The word commerce usually is used to mean economic activity broadly on a national or other large scale. Commerce can be used in many...
Commerce Clause
The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, among states, and with the Indian tribes.”
Congress has often...
Commerce Control List
In the interest of U.S. national security, the Department of Commerce's Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export...
commerce power
Commerce power refers to Congress’s power to regulate the channels and instrumentalities of interstate commerce.
Channels refers to the highways, waterways, and air traffic of the country. Instrumentalities refers to cars, trucks,...