Legacy Software
Obsolescent or old software that companies need to have access-to, …
Category: Commercial Law
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 …
MAC Clause
See Material Adverse Change.
Mail Fraud
U.S. Federal law contains an extremely broad antifraud provision, 18 …
MAP Program, MAPP
See Minimum Advertised Price Program.
Market Level
See Level of Market.