Examlex
All the methods for determining a business' worth can be grouped into three basic approaches: what a firm earns, what a firm spends, and what a firm will bring in the market.
Retiring Partner
A partner who leaves a partnership, ending their association with the business.
Discharged
In legal contexts, to release someone from an obligation, duty, or liability.
Existing Liabilities
Financial obligations or debts that a company or individual currently owes and is responsible for repaying.
Submission
in legal terms means the act of presenting a document, proposal, or application to a person or authority for consideration or judgment.
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