BUSINESS METHOD

business method.Patents. A way or an aspect of a way in which a commercial enterprise is operated.[Blacks Law 8th]

Read More

BUSINESS-JUDGMENT RULE

business-judgment rule.Corporations. The presumption that in making business decisions not involving direct self-interest or self-dealing, corporate directors act on an informed basis, in good faith, and in the honest belief that their actions are in the corporation’s best interest. • The rule shields directors and officers from liability for unprofitable or harmful corporate transactions if…

Read More