An agreement where the buyer agrees to sell the subject of the agreement back to the seller at a certain price should some condition occur. … [Read more...]

Typically used in reference to another person who has an interest a business with another person, such as a fellow partner in a partnership. … [Read more...]

contracts. A purchaser; a vendee. … [Read more...]

An act performed for the purpose of carrying out a business as opposed to a personal or non-business reason. The cost for activities that do not have a business purpose should not be legitimately paid by the business or reduced from its gross revenues for tax purposes. … [Read more...]

An ordinary purchaser. One who makes a purchase in good faith without the knowledge of other external factors, such as third party interests. … [Read more...]