Examlex
"Time out" is a technique in which a child who is misbehaving is removed from sources of positive reinforcement for a short period of time.
Operating Agreement
A contract among the members of a Limited Liability Company (LLC) outlining the business's financial and functional decisions.
Transferee
An individual or entity that receives property, rights, or interests from a transferor.
LLC Member
An individual or entity that holds an ownership interest in a Limited Liability Company, participating in the management and operation of the LLC according to the terms of the operating agreement.
LLC
A Limited Liability Company is a U.S. business entity that merges the tax benefits of a partnership or sole proprietorship with the corporation's advantage of limited liability.
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