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Oct 1, 2024 · The business legal terms you need to know. We’ve selected and defined more than 30 important legal terms relating to employment, sales and marketing, intellectual property, contract law, and general laws affecting all businesses. With an understanding of this terminology, you’ll be better prepared to address legal matters as they arise.
Oct 20, 2022 · An ABIL may also be claimed when there is an arm’s length disposition of a debt owing to a taxpayer by a Canadian-controlled private corporation (“ CCPC ”). According to subparagraph 39 (1) (c) (iv) of the Income tax Act (Canada) (the “ Act ”), in the case of debt, the debtor CCPC must be: (1) a SBC; (2) bankrupt at the time of being ...
Legal Definition of Firm: A Partnership or Company that is Unincorporated. As a business owner, it is crucial to have a clear understanding of the legal definition of a firm. In simple terms, a firm refers to a partnership or company that is unincorporated. This means that it is not a separate legal entity from its owners, unlike a corporation.
NIB in Business commonly refers to New In the Box, a term used to describe items that are unused and come in their original packaging, often applicable in retail and e-commerce contexts for selling products. Explore categories such as Retail and E-commerce for more information. Share. Vote. 2.
Dec 28, 2023 · The managing partner sits atop the law firm’s hierarchy. In this role, the managing partner lays out a vision for the firm, then develops the strategic plan to achieve that goal. The managing partner dictates the firm’s finances, including determining overall compensation packages and overhead costs. A managing partner, who frequently has ...
Nationaal Incasso Bureau (Dutch: National Collection Agency; Netherlands) NIB. Non-Interest-Bearing. NIB. Nuova Italia Bibliografica. showing only Business & Finance definitions (show all 38 definitions) Note: We have 70 other definitions for NIB in our Acronym Attic. new search. suggest new definition.
McMillan’s Business Law Group is the trusted legal counsel of a wide range of Canadian businesses and corporations and works closely with international players conducting business in Canada. Our award-winning lawyers have the industry-specific expertise and client service excellence you’re looking for in a Canadian business law firm.
