Pre-penalty notification – usually this term details an order, issued by official governmental authority towards physical individual or towards a business entity, where their concrete response and explanations on a matter are requested. Otherwise, if they fail to response in…
Prepayment clause – in the area of Financial Law, the prepayment clause is sometimes detailed in money-loan contracts. This clause allows the borrower to pay back the whole amount of the debt (or bigger sum than the regular installments), earlier…
Prenuptial gift – within the meaning, given by the Family Law in some countries, the prenuptial gift is an asset, which one of the future spouses receives before the marriage (usually by their parents or by the other future spouse).…
Prenuptial contract – in the Family Law in some jurisdictions the prenuptial contract is written agreement, concluded between two people who are planning to get married. The role of this contract is to set-up the material valuable assets which each…
Premium pay – this is a term from the Labor Law in some jurisdictions, which refers to the higher pay on a daily basis for work done on weekends, official and season holidays, night hours, etc. Basically the premium pay…
Premises liability – this is a term, used in the Insurance Law in some legal systems. The premises liability is a principle, which provises that the tenant who holds the possession of the premises, is liable to any damages/injuries, caused…
Premediated murder – within the area of Criminal Law in some jurisdictions, this term describes a homicide done with intention to kill – usually in connection with performance of other crime. Premediated murders are done with willful deliberation and making…
Prelude – this term is used in the Parliamentary Law in many legal systems, where it details the beginning of a statute. Usually it details the will of the lawmaker, on the base of which the following the statute will…
Pre-loss condition – this is a phrase, used in the Insurance Law. When a damaged asset is asked to be repaired in “pre-loss condition”, this means that it should be put in the condition which it had just before the…
Preliminary contract – The main meaning of this term is a contract with the role to prohibit the party to enter into similar legal relations with third parties on a later stage. But to secure that this party will sign…