Examlex
A covenant not to compete is enforceable only if it is necessary to restrain trade.
Accelerated Debt
A repayment strategy that involves paying off debt more quickly than the standard repayment schedule.
Anti-Takeover Strategy
Tactics employed by a company to prevent or discourage unwanted takeover attempts by another entity.
Technical Insolvency
A situation where an entity cannot meet its short-term financial liabilities, despite potentially having enough assets to cover its debts.
Legal Insolvency
A financial condition in which an entity is unable to meet its debt obligations as they come due, potentially leading to legal processes for debt resolution.
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