Privilege – this term refers to a special and exclusive legal advantage or right such as a benefit, exemption, power or immunity. An example would be in the area of Litigation procedures, and namely the special privileges that particular creditors…
Privigna – this term comes from Latin. It is used in the area of Family Law, where refers to the figure of a daughter of a person’s husband or wife by a previous marriage; i.e a stepdaughter.
Privies – in some legal systems this term refers to the figures of parties, connected with real estate or relative relations. For example, these are the testator and beneficiers in a will, or the landowner and the tenant, etc. The…
Privatization – this is administrative legal procedure, applicable usually in post-communist countries like Bulgaria. During the process of privatization, governmental assets go in private hands, i.e. – citizens get title of valuable governmental properties. Unfortunately in this particular country this…
Private wrong – in the area of Tort Law this term refers to a wrongful action, resulting in injuries caused to particular person, but not the community generally. These injuries turn in damages to be awarded by the civil court…
Private trust – this term is used in the area of Trusts and Probates, where it details a trust, established at the direction of an individual, in benefit and in favor of concrete private individual, and not in public benefit.…
Private servitude – in the area of Real Estate Law this term refers to a servitude, which usage is given to concrete beneficiary for his/her enjoyment, and not to anybody else (for example, the use of apartment). Usually the private…
Private sale – in the area of Commercial Law the term refers to any sale, performed directly between the seller and the buyer, usually confidentially and without participation of intermediaries, agents or other parties. For example, the sale of a…
Private purchase contract – used within the Contracts & Obligations Law, the term details a contract with embedded installment payments for purchasing a plot of land. Also called “land agreement” or “preliminary contract” it is a legal base for concluding…