Examlex
Depletion is the method taxpayers use to recover their capital investment in natural resources.
Non-binding Agreement
An agreement between parties that does not legally enforce compliance but is made to signify a mutual understanding or intention.
Case Law
Law established by previous court decisions and based on interpretations of statutes, legal principles, and precedents rather than statutes alone.
Statutory Law
Written laws passed by a legislative body at the federal, state, or municipal level, codified and enforceable by government authorities.
Business Law
A broad area of law that deals with the legal aspects of business operations, including contracts, sales, employment, and property rights.
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