Interest

Interest is a fee paid at a particular rate for borrowing money from a lender.


Intellectual Property

Intellectual Property is intangible property such as a process, a design, a code, company secrets, or images that are protected by patent and copyright law.


Initial Public Offering (IPO)

An Initial Public Offering (IPO) is the first sale of a company’s stock on a public stock exchange. The company must comply with stringent SEC requirements to be eligible to be a publicly traded company. And, in most instances, a […]


Independent Contractor

An Independent Contractor is a service provider under a contract, but unlike employees, the independent contractor controls how the service is performed. Whether the service provider controls the performance and is an independent contractor or whether the service provider does […]


Indemnity

Indemnity is a company’s agreement to pay another party’s losses under a contract regardless of whether the company caused the losses.


Indemnification Cap

An Indemnification Cap is the maximum amount that a company in a contract may have to pay to another party to the contract for the company breaching one or more representation and warranty provisions in the contract. These caps are […]


Indemnification

Indemnification is compensation for a harm the company may not have caused but had to pay for. Generally, a third party is harmed and a company must pay the third party for wrongful acts committed by another party. The party […]


Incorporation

Incorporation is the act of incorporating a company through filing a required document with the secretary of state and paying an incorporation fee.


Incentive Unit Plan

An Incentive Unit Plan is used by an LLC to incentivize and compensate service providers to the company, similar to a Stock Option Plan in a corporation. An incentive unit gives the recipient a right to the future profits of […]


Incentive Stock Option (ISO)

An Incentive Stock Option (ISO) is a type of stock option typically granted to founders or key executives. ISOs receive long-term capital gains treatment if the shares are held for more than a year from the date the shareholder receives […]