Legacy Software
Obsolescent or old software that companies need to have access-to, …
Category: Negotiation
Licence/License
Literally an agreement to refrain from asserting a legal right, …
License-Back Clause, Provision
A provision in a contract, assignment or license agreement that …
Licensing Executive Society
LES is an organization for in-house counsel and business executives …
Liquidated Damages
The common law description for a clause in a contract …
MAP Program, MAPP
See Minimum Advertised Price Program.
Marking Requirement
United States patent law has a provision, §287(a), that requires …
Marriage Contract First
An aphorism used to remind people of the necessity of …
Material
In simple terms ‘material’ as an adjective means important. In …
Material Adverse Change
Public company (and other business) acquisitions can take a protracted …