Examlex
A lawyer who fails to file a document with the court on time, causing the client's case to be dismissed is liable for legal malpractice.
Fundamental Change
A significant alteration in the operations, structure, or financial standing of a company that can affect its stakeholders.
Minority Shareholder
A minority shareholder is someone who owns less than 50% of a company's shares and therefore does not have a controlling interest in the company.
Preemptive Rights
Rights that allow existing shareholders the opportunity to buy new shares of a company's stock before it is offered to the public, often to maintain their percentage of ownership.
Liquidation Preference
Liquidation preference is a term used in finance and investments to describe the priority of repayment to investors of a company's shares if the company liquidates, goes bankrupt, or is sold.
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