no strike clause
no-strike clause. A labor-agreement provision that prohibits employees from striking for any reason and establishes instead an arbitration system for resolving labor disputes.
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horizontal competition
Competition between a seller and its competitors. • The Sherman Act prohibits unrea-sonable restraints on horizontal competition, such as price-fixing agreements between competitors. — Also termed primary-line competition.
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compounding a crime
compounding a crime. The offense of either agreeing not to prosecute a crime that one knows has been com-mitted or agreeing to hamper the prosecution. — Also termed compounding a felony; (archaically) theftbote. See STIFLING OF A PROSECUTION . [Cases: Compounding Offenses 1. C.J.S. Compounding Offenses § 1.] “If a prosecuting attorney should accept money
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integration rule
integration rule. The rule that if the parties to a contract have embodied their agreement in a final document, any other action or statement is without effect and is immaterial in determining the terms of the contract. See PAROL EVIDENCE RULE . [Cases: Contracts 245; Evidence 397(2).C.J.S. Contracts § 416; Evidence §§ 1159–1160, 1278–1280.]
zero coupon bond
zygostates (zI-goh-stay-teez), n. [Greek] Roman law. An officer who resolved controversies over weight; a public weigher.
freedom of contract
The doctrine that people have the right to bind themselves legally; a judicial concept that contracts are based on mutual agreement and free choice, and thus should not be hampered by external control such as governmental interference. • This is the principle that people are able to fashion their relations by private agreements, esp. as
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offensive
offensive ([schwa]-fen-siv), adj. 1. Of or for attack (an offensive weapon). 2. Unpleasant or disagreeable to the senses; obnoxious (an offensive odor). 3. Causing displeasure, anger, or resentment; esp., repugnant to the prevailing sense of what is decent or moral (patently offensive language and photographs). See OBSCENE.
terminal disclaimer
Patents. A patent applicant’s statement shortening the term of the patent. • To revive an abandoned application for a design application or for a utility or plant application filed before June 8, 1995, the applicant must disclaim a period equal to the duration of abandonment. A terminal disclaimer may also be required in an application
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sandbagging
sandbagging, n. 1. A trial lawyer’s remaining cagily silent when a possible error occurs at trial, with the hope of preserving an issue for appeal if the court does not correct the problem. • Such a tactic does not usu. preserve the issue for appeal because objections must be promptly made to alert the trial
escape period
escape period. Labor law. A time agreed upon in some union contracts during which workers may withdraw from the union near the end of one term covered by the contract and before the start of the next.