To put it simply, acquisitions are a common occurrence in the business world, and they happen to small, medium, and large businesses alike. The definition of acquisition is a company purchasing shares to be able to control another company. While companies and individuals can buy shares from a compan...

An unpreventable, overwhelming, and irresistible force. It is common to place a force majeure clause in a construction contract to indemnify a construction deadline in the event an act of God should occur which prevents a timely completion of the contract. For example, a contractor places a force ma...

Joining together of two or more business entities or persons in order to undertake a specific business venture in a real estate. A joint venture is not a continuing relationship such as a partnership, but may be treated as a partnership for income tax purposes....

Right of a certificate holder to convert group life or group health insurance to an individual policy without a physical examination to furnish evidence of insurability. Usually this must be done within 31 days of termination of employment. Under group life insurance, conversion is made at the emplo...