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LSDefine

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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