Examlex
When an entrepreneur bootstraps the purchase of a company,none of the price of the acquisition is cash.
Corporate Opportunity
A business opportunity that a company must offer to its shareholders or members before taking it for personal gain.
Duty of Disclosure
The legal obligation to reveal all material facts or information relevant to a transaction or decision-making process.
Duty of Care
A legal requirement that demands individuals or organizations to exercise a reasonable degree of attention and caution to avoid negligence that could harm others.
Business Judgment Rule
A legal principle that protects company directors from liability for decisions made in good faith and with a reasonable basis.
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