The Law Dictionary

GENERAL CONTRACTOR

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

The person primarily responsible or accountable under contract for a project, such as in real estate. A general contractor may hire others who are subcontractors. … [Read more...]

GENERAL PARTNER

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

A person who joins with at least one other person to run a business for profit. The primary partner who is also the decision maker (as opposed to a silent partner) is personally liable for all the debts and obligations of the business. A general partner can sign binding contracts. See also limited partnership. … [Read more...]

GENERAL COUNSEL

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

The most senior or managing attorney in a corporation. … [Read more...]

GENERAL PARTNERSHIP

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

An association of or business owned by two or more people who share the profits and are personally liable for all business debts. In general, each partner's share of the partnerships, profits and losses, is in proportion to their capital contributions. … [Read more...]

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