Business Law GLOSSARY
Glossary of Business Law Terms
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Reasonable Care: The standard of care in negligence cases;
the duty to act reasonably so as to avoid harming others.
Records: In business, particularly corporations, all the
written business documents, especially about financial dealings.
Thus, shareholders and partners are entitled to access to the
"records" of the business.
Redemption Rights: Right of repurchase enjoyed by a
corporation that exist for certain shares of stock.
Redemption: A repurchase of shares from shareholders by a
Register: In corporations, the record of shareholders, and
issuance and transfer of shares on the records of the corporation.
Registered Agent: The person or entity that is authorized
to receive legal papers on behalf of a corporation.
Registered Office: The official address of a corporation.
Typically this address is the same as that of the registered agent.
Remand: The decision of an appellate court to send a case
back to the trial court with instructions on how to correctly decide
the case; often used with the term "reversed." Reversed means that
the appellate court overturned the trial court's decision.
Remedies: Relief that the plaintiff receives from the
defendant in a lawsuit. Often this will include monetary damages or
equitable relief (i.e. injunctions).
Reorganization: The implementation of a business plan to
restructure a corporation, which may include transfers of stock
between shareholders of two corporations in a merger.
Resident Agent: The person or entity that is authorized to
receive legal papers on behalf of a corporation.
Respondent: The party that won at trail.
Restraint of Trade: In antitrust law, any activity
(including agreements among competitors or companies doing business
with each other) which tends to limit trade, sales and
transportation in interstate commerce or has a substantial impact on