Agreement Business Dictionary

Staff – People who work for a company or organization. An administrative service within an organization that deals with staff and is often in contact with the services. Price decisions are the decisions made by companies regarding pricing… Trade secrets include all valuable business information that deduces its value from secrecy… Open Communication – In the economy, a situation in which employees have complete information about the organization and are encouraged to exchange ideas and objectives with management. Middleman – A person who organizes business or business between people, usually for a commission or fee, or, more generally, any person or company that buys goods from a supplier and sells them to customers, usually profitably. Seminar – A business meeting for training or discussion of ideas. Goodwill – The difference or premium a buyer pays or claims to a business or business relative to the « book value » of its assets, which typically constitute intangible assets such as brand value, intellectual property, talent, market relationships, etc., and which generally reflect the total value and attractiveness with which the buyer views the acquisition of the objective. The overestimation of goodwill value, sometimes of an unusually stupid magnitude, is a surprisingly frequent decline of many large corporate buyout companies, when arrogance and blindness to market trends of the CEO and acquisition team can lead to reckless waste of shareholder funds and reckless cost reductions after acquisition when performance, synergies and return on investment do not reach the required level. Cowboy – A dishonest businessman, often unqualified, especially someone who works poorly. Not to be confused with the cowboy of the best magazines. Special resolution – In the economy, a resolution that must be adopted with a large majority of a company`s shareholders, often 75%, in contrast to an ordinary decision that requires only more than 50% of the vote. Shark – A dishonest businessman who deceives and deceives others.

VAT – In the United Kingdom, the amount of VAT (VAT) of a company or company increases the price of its products or services. A multinational company is a company that does business in selected countries around the… By agreement, all parties met at Indian Spring to consider a second contract in early February 1825. Research and development – research and development. A company`s study work for the improvement and development of products and processes. Business Plan – A written document that outlines a company`s plans and objectives and how it achieves them, z.B. through marketing, development, production, etc. Gag clause – An informal term used in the general language of activity/employment, a « gag » clause is a clause in an employment contract or, more often, a termination contract that prevents an employee from disclosing certain information about the company or organization of work (usually to related organizations/interests) for the press, trade union function, authorities, etc., and which implicitly extends to the police.

Often, an employer agrees with the employee or imposes a payment to obtain the signature of the gag clause or contract containing it. While in some cases the contract may be fair and enjoyable for both parties, the mechanism is often misused and violently used by employers against outgoing « whistleblowers » because the organization fears the detection of potentially criminal errors, problems, commitments and behaviours, etc. A « gag clause » is rather often and euphemistically called a « compromise agreement » on the part of employers who want to conceal their business failures and the shame of using such an instrument. Unloaded Insolvency – A person who has been officially declared bankrupt but has not yet obtained permission to start another business, and must not stop paying debts that are still due. Higher Commission – A commission paid to an Agency office manager, which is based on a company created by