Business Law GLOSSARY
Glossary of Business Law Terms
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Tender: To present to another person an unconditional
offer to enter into a contract or to present payment to another.
Trade: A business or occupation for profit, particularly
in retail or wholesale sales or requiring special mechanical skill.
A trade is also an exchange one thing for another, which includes
money for goods, goods for goods and favors for goods or money.
Trade Secret: A process, method, plan, formula or other
information unique to a manufacturer, which gives it an advantage
over competitors. Therefore the trade secret has value and may be
protected by a court-ordered injunction against use or revelation of
trade secret.
Transfer Agent: A person or company retained by a
corporation to process transfers and registration of shares of stock
(stock certificates). One difficulty is that the stock certificates
do not always include the name and address of the current transfer
agent
Telecommuting: Working from home or another location
remote from the office, using technology such as telephones and
computers.
Third Party Litigation: When a lawsuit is brought against
a defendant and that defendant wants to add another party to the
suit, the original defendant may file a "third party complaint"
which results in a third party litigation or lawsuit.
TITLE VII: Part of the federal Civil Rights Act of 1964
that prohibits discrimination in employment on the basis of age,
color, national origin, race, religion, or sex.
Tort: A civil wrong; a wrongful injury to a person's
property. There are three types of torts: intentional, negligence
and strict liability.
Transfer Agent: A person or company retained by a
corporation to process transfers and registration of shares of stock
(stock certificates). One difficulty is that the stock certificates
do not always include the name and address of the current transfer
agent.
Tuitition Reimbursement: An employee benefit in which the
employer pays all or part of the employee's tuition for coursework
or training. |
