May 24, 2022

RETROACTIVE

RETROACTIVE retroactive, adj. (Of a statute, ruling, etc.) extending in scope or effect to matters that have occurred in the past. ¡ª Also termed retrospective. Cf. PROSPECTIVE(1). [Cases: Administrative Law and Procedure 419; Courts 100(1); Statutes 261¨C278. C.J.S. Courts ¡ì¡ì 147¨C148; Public Administrative Law and Procedure ¡ì¡ì 89, 98; Statutes ¡ì¡ì 407¨C431.] ¡ª retroactivity, n.

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FERC-OUT CLAUSE

FERC-OUT CLAUSE FERC-out clause. Oil & gas. A provision in a contract to sell natural gas specifying that if a regulatory agency does not allow the price paid to the producer to be passed on to consumers, either the contract price will be reduced accordingly or the contract will be terminated. ¡ª Also termed regulatory-out

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mass layoff

mass layoff Labor law. Under the Worker Adjustment and Retraining Notification Act, a reduction in force that results in the loss of work at a single site, of 30 days or more, for at least 500 full-time employees, or 50 or more full-time employees if they make up at least 33% of the employees at

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innocent infringement

innocent infringement The act of violating an intellectual-property right without knowledge or awareness that the act constitutes infringement. ? An innocent infringer may, in limited circumstances, escape liability for some or all of the damages. In the copyright context, damages may be limited if (1) the infringer was misled by the lack of a copyright

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