Business Development
/ˈbɪznəs dɪˈvɛləpmənt/
Definitions
- (n.) The process by which a company seeks to grow its business through strategic initiatives, partnerships, and market expansion, often involving negotiation and contractual agreements.
The legal team reviewed the contracts involved in the company's business development strategy.
Forms
- business development
Related terms
See also
Commentary
In legal contexts, business development frequently involves drafting and reviewing agreements, ensuring compliance with regulatory standards, and managing intellectual property rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.