Glossary

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Negligence

Negligence is a legal concept that refers to the failure of an individual or entity to exercise reasonable care and caution, resulting in harm or damage to another person or property. In order for negligence to be proven in court, four elements must be established: duty, breach of duty, causation, and damages. The concept of negligence is an important consideration in many legal contexts, includin...

Non-Disclosure Agreement (NDA)

A Non-Disclosure Agreement (NDA), also known as a confidentiality agreement (CA), is a legal contract between two or more parties that outlines confidential material, knowledge, or information that the parties wish to share with each other for certain purposes, but wish to restrict access to or by third parties. NDAs are often used in business contexts to protect sensitive information, such as ...

NSO (Non-qualified stock options)

Non-qualified stock options (NSOs) are a type of stock option that is not eligible for favorable tax treatment. They are also referred to as non-statutory stock options. NSOs are typically offered as part of an employee compensation package, and they give employees the right to buy company stock at a predetermined price within a certain time frame. When an employee exercises an NSO, they are re...