A Chinese wall is a business term used to describe a virtual barrier erected to block the exchange of information between departments of a company.
The wall is not physical, but ethical, designed to prevent the exchange of information that could lead to ethical or legal violations.
In the financial industry, the need for such barriers increased with the passage of the Gramm-Leach-Bliley Act of 1999 (GLBA), which repealed federal laws that prohibited firms from any combination of banking, investment, and insurance services.
Force majeure - a clause that is included in contracts to remove liability for unforeseen and inevitable disasters that violate the expected course of events and prevent the participants from fulfilling their obligations.
Garden leave is a transitional period for employees who give or receive notice of termination, leaving them on the payroll but away from the workplace.
Bargaining means to negotiate the price of a good or service until a mutually agreed price is determined.
Bargaining is a method in which two or more parties make consecutive offers and counter offers until an agreement is reached.