Maryland Code, COMMERCIAL LAW 12-1402
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, COMMERCIAL LAW 12-1402
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity:
(1) That may be terminated without assessment of fees, fines, penalties, or liquidated damages; or
(2) If at the time of entry into the merchant processing agreement, the business entity employs 50 or more employees or reasonably estimates that it will generate more than $2,000,000 in credit card or electronic commerce transactions each year.