Examlex
Flotation cost is the
Nonwrongful Dissociation
This term refers to a situation where a partner leaves a partnership in accordance with the terms of the partnership agreement and/or applicable law, without incurring liability for wrongful dissociation.
Member
An individual who has been admitted to membership in a particular group, organization, or category.
LLC
Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Damages
A monetary compensation awarded to a person as restitution for loss or injury caused by the unlawful acts or negligence of another party.
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