The Law Dictionary

BUSINESS OWNER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The owner of a business, be it a person or a party. … [Read more...]

BUY BACK AGREEMENT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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...]

BUSINESS PARTNER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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...]

BUYER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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

BUSINESS PURPOSE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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...]

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