Examlex
When a paralegal drafts legal documents to be filed with a court or prepares legal documents with legal conclusions without having them reviewed by a supervising attorney, it is referred to as the unauthorized practice of law.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of the amount of output or sales.
Sunk Cost
A past expenditure that cannot be recovered and should not be considered when making future investment decisions.
Nonrefundable
A term used to describe payments or fees that cannot be returned to the payer under most circumstances.
Nontransferable
A characteristic of certain rights or privileges that cannot be legally transferred from one individual or entity to another.
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