Examlex
A defensive tactic usually takes place in an established competitor's market location.
Profit Sharing
A company policy where employees receive a portion of the company's profits in addition to their regular salary.
RUPA
The Revised Uniform Partnership Act (RUPA) is a comprehensive statute that provides a legal framework for the formation, operation, and dissolution of partnerships in the United States.
Limited Liability
A legal structure that limits the financial responsibility of an organization's owners or shareholders to the amount they have invested in the company.
Aggregate Theory
A theory in partnership law that holds that a partnership is actually a conglomeration of the partners rather than a separate legal person with its own legal identity.
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