Entrepreneurship
/ˌɛntrəprəˈnɜːrʃɪp/
Definitions
- (n.) The act or process of organizing, managing, and assuming the risks of a business or enterprise.
Entrepreneurship involves taking legal and financial risks to start a new company.
- (n.) A legal concept relating to the rights and responsibilities held by business founders under commercial and corporate law.
Entrepreneurship laws protect innovators and investments during the startup phase.
Related terms
See also
Commentary
In legal drafting, clearly delineate entrepreneurship activities to specify liability and regulatory compliance for startups.
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.