Kitchen Sinking
The tendency of a product, or a software project (especially …
Category: Commercial Law
Landmine Judgment
An unpaid judgment enforceable only in a territory or territories …
Last-Shot-Rule
See Battle of the Forms.
Legacy Data
Data-files created with legacy software.
Legacy Software
Obsolescent or old software that companies need to have access-to, …
Level of Market
Refers to the economic level at which transactions are carried …
Liquidated Damages
The common law description for a clause in a contract …
Lock-in (corporate)
Refers to a requirement in a buy-out situation for certain …
Lockout Device
Embedded code or device, usually in software, that disables the …
Loyalty Rebates
Rebates paid to customers (particularly retailers) for not purchasing competing …