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Kohlberg's three phases of moral development in order are law and order, instrumental exchange, and universal principle.
Verbal Agreement
An agreement made through spoken words and not formally documented, which can be legally binding under certain conditions.
Rightfully Dissolved
A term applied to the dissolution of a partnership in a way that does not violate the partnership agreement.
Partnership Agreement
A contract among partners in a business that outlines the terms and conditions of the relationship, including the distribution of profits and losses.
Intellectual Property
Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields, safeguarding creators' rights to their inventions, writings, music, and brands.
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