Corporate Termination
/ˈkɔːrpərət tərˌmɪˈneɪʃən/
Definitions
- (n.) The legal process by which a corporation dissolves or ceases its existence, either voluntarily or involuntarily.
The company filed for corporate termination after deciding to liquidate its assets.
- (n.) The ending of a corporate contract or agreement as defined by its termination clause.
The parties negotiated terms for the corporate termination of their joint venture agreement.
Forms
- corporate termination
Related terms
See also
Commentary
Use 'corporate termination' distinctly to refer either to the ending of corporate existence or the cessation of corporate agreements depending on context; clarity in drafting prevents confusion.
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.