Business Law GLOSSARY

Glossary of Business Law Terms

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Reasonable Care: The standard of care in negligence cases; the duty to act reasonably so as to avoid harming others.

Records: In business, particularly corporations, all the written business documents, especially about financial dealings. Thus, shareholders and partners are entitled to access to the "records" of the business.

Redemption Rights: Right of repurchase enjoyed by a corporation that exist for certain shares of stock.

Redemption: A repurchase of shares from shareholders by a corporation.

Register: In corporations, the record of shareholders, and issuance and transfer of shares on the records of the corporation.

Registered Agent: The person or entity that is authorized to receive legal papers on behalf of a corporation.

Registered Office: The official address of a corporation. Typically this address is the same as that of the registered agent.

Remand: The decision of an appellate court to send a case back to the trial court with instructions on how to correctly decide the case; often used with the term "reversed." Reversed means that the appellate court overturned the trial court's decision.

Remedies: Relief that the plaintiff receives from the defendant in a lawsuit. Often this will include monetary damages or equitable relief (i.e. injunctions).

Reorganization: The implementation of a business plan to restructure a corporation, which may include transfers of stock between shareholders of two corporations in a merger.

Resident Agent: The person or entity that is authorized to receive legal papers on behalf of a corporation.

Respondent: The party that won at trail.

Restraint of Trade: In antitrust law, any activity (including agreements among competitors or companies doing business with each other) which tends to limit trade, sales and transportation in interstate commerce or has a substantial impact on interstate commerce.