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Simple English definitions for legal terms

Ordinary course of business

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A quick definition of Ordinary course of business:

The ordinary course of business refers to the usual way a business operates within a certain period of time. This means that the business has followed past customs and practices, has not taken on any unusual liabilities, has engaged in normal activities for that type of business, and has followed industry standards. This term is often used in contracts for mergers and acquisitions and can include other elements that are considered customary for that particular business.

A more thorough explanation:

Definition: The ordinary course of business refers to the standard practices and activities that a business engages in on a regular basis. This includes:

  • Conducting business in a consistent manner with past commercial customs and practices
  • Not incurring any liabilities outside of day-to-day operations
  • Engaging in activities that are considered normal for that specific business
  • Adhering to industry practices

This term is often used in merger and acquisition contracts to determine whether a business is operating normally and to identify any potential risks or liabilities. The ordinary course of business may include one or more of the above elements or any other practices that are considered customary for that particular business.

For example, a restaurant's ordinary course of business would include activities such as preparing and serving food, managing inventory, and paying employees. However, if the restaurant suddenly started selling cars or investing in real estate, these activities would be considered outside the ordinary course of business and could raise concerns for potential buyers or investors.

ordinance | Oregon

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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