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PRIORITIZATION

by Law Professor

The ranking of different items in order of importance. … [Read more...] about PRIORITIZATION

PRINCIPAL CONTRACT

by Law Professor

One entered into by both parties, on their own accounts, or in the several qualities they assume. It differs from an accessory contract. Vide Contract. … [Read more...] about PRINCIPAL CONTRACT

PRINCIPAL OBLIGATION

by Law Professor

That obligation which arises from the principal object of the engagement which has been contracted between the parties. It differs from an accessory obligation. For example, in the sale of a horse, the principal obligation of the seller is to deliver the horse; the obligation to take care of him till delivered is an accessory engagement. By principal obligation is also … [Read more...] about PRINCIPAL OBLIGATION

PRINCIPAL PLACE OF BUSINESS

by Law Professor

The location of the headquarters of a company, the office where the books and records are kept and where the senior executives are situated. … [Read more...] about PRINCIPAL PLACE OF BUSINESS

PRINCIPAL REGISTER

by Law Professor

Trademark law. This is the principal list on which distinctive trademarks and service marks that are approved for federal regulation are placed and which acts as notice to third parties that a mark is protected. After five successive years where a mark is not challenged, it becomes permanently established and not able to be legally challenged. This also makes it easier to … [Read more...] about PRINCIPAL REGISTER

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