Whois & Analysis for law360.com

A lawsuit (or suit in law) is "a vernacular term for a suit, action, or cause instituted or depending between two private persons in the courts of law." The term refers to any proceeding by a party or parties against another in a court of law.

Law360 is a subscription-based, legal news service operated by the Portfolio Media company, a subsidiary of LexisNexis.

Regulation is an abstract concept of management of complex systems according to a set of rules and trends.

In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

For example:

Corporate law (also "company" or "corporations" law) is the practice or study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community, and the environment interact with one another.

Corporate law is a part of a broader companies law (or law of business associations).

Other types of business associations can include partnerships (in the UK governed by the Partnership Act 1890), or trusts (like a pension fund), or companies limited by guarantee (like some community organizations or charities).

Under corporate law, corporations of all sizes have separate legal personality, with limited or unlimited liability for its shareholders.

Shareholders control the company through a board of directors which, in turn, typically delegates control of the corporation's day-to-day operations to a full-time executive.

Corporate law deals with firms that are incorporated or registered under the corporate or company law of a sovereign state or their subnational states.

The four defining characteristics of the modern corporation are:

Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Law as a system helps regulate and ensure that a community show respect, and equality amongst themselves.

State-enforced laws can be made by a collective legislature or by a single legislator, resulting in statutes, by the executive through decrees and regulations, or established by judges through precedent, normally in common law jurisdictions.

Private individuals can create legally binding contracts, including arbitration agreements that may elect to accept alternative arbitration to the normal court process.

The formation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein.

The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people.