Applied Business Law - Definitions

Enforceable

Trial court - Court of first instance

Appeal

Offer and acceptance

Intent (of the parties)
(Commune intention des parties)

Custom (usages)

Duty of good faith (Bona Fide)

Precontractual liability
(Rupture des pourparlers)

Tacit renewal (tacite reconduction)

Adhesion contract (contrat d'adhésion)

One-sided (clause abusive)

Capacity

Insolvency, bankruptcy
(Insolvabilité, entreprises en difficulté)

Reorganization

Liquidation

Delegation

Power

Apparent authority

Force majeur

Condition precedent

Condition subsequent

Applicable law

Mandatory (legal rule)

Default (legal rule)

Conflict (of law)

Treaty

Franchise

Franchisor

Franchisee

Exporter

Importer

Legal personality

Distribution

In cash

In kind

Management

Board (of directos)

Directors

Chair

Officers, executives

Transfer

Sale

Shares

Stokes

Dematerialized

Joint venture (50/50 JV)

Shareholder agreement

Organizational documents, by-laws

Group (of companies)

Parent

Subsidiary

Control

Voting rights

Deadlock

Leverage

BATNA Best Alternative To a Negotiated Agreement

National courts

Inquisitorial (judge seeks truth)

Adversorial (judge= referee)

Code

Precedent

Notice

Time to cure

Process serving

Evidence

Summary judgement

Settlement

ADR Alternative Dispute Resolution

Mediation

Arbitration