Legal glossary for companies
Clear, practical definitions of the legal terms founders, CFOs and general managers encounter most.
Constructive dismissal (autodespido) →
A mechanism by which the employee terminates the contract due to the employer's serious breaches.
Crime prevention model →
An internal system a company adopts to prevent, detect and respond to crimes committed in its interest.
Finiquito (settlement agreement) →
The document that formalizes the end of an employment relationship and payment of outstanding obligations.
FNE (Chilean competition authority) →
Chile's public agency that investigates anticompetitive conduct and reviews mergers.
Karin Law →
A law strengthening the prevention and sanction of workplace harassment, sexual harassment and violence at work.
Legal due diligence →
A thorough review of a company's legal situation before an investment, acquisition or financing.
Legal retainer (iguala) →
A fixed monthly fee a company pays a law firm for ongoing legal counsel, instead of hourly billing.
Legal secondment →
An arrangement where a law firm lawyer works from the client's offices while remaining employed and technically supervised by the firm.
Shareholders' agreement →
An agreement among partners regulating their relationships, rights and obligations beyond the bylaws.
Soft Landing →
The process by which a foreign company sets up operations in a new market: structure, incorporation, capital, hiring and compliance, sequenced to operate without friction.
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