BUY AND SELL AGREEMENT
Approach dividing the share or interest of a proprietor, partner, or shareholder. An agreement between closed corporations, partnerships, and sole proprietorships, the owner of the business interest should be disabled, deceased, retired, or have expressed interest in selling. It should be sold based on predetermined formula or price. The deceased’s estate must agree with this before selling the shares to the company or remaining partners.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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