legal glossary

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Abandonee – Abandonee is someone who receives a legal right by somebody. in the sphere of Real Estate Law, this legal term refers fo the figure of a person to whom property right or real estate is legally abandoned or…

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Abandoned infant – within the Child Care procedures, this phrase refers to the figure of a small child, which has been left somewhere in public places (like on a bench in the park, or in a store) without any identification…

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Abandonment – This legal term finds application within the area of Contract Law in some legal systems. There it refers to the act of giving up a legal right toward a third party. In other words – to give your…

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Abatement – briefly this term details a reduction in some amount which debtor owes towards creditors. The creditor who has to receive the debt, usually promises abatement to the debtor in case of quick cash payment. In the area of…

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Earles-penny – within the area of the Contracts & Obligations Law, this term refers to the earnest money, being the 1st installment per a contract. For example, when signing a private purchasing contract for real estate, in most jurisdictions it is…

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C Corporation – this legal term finds application within the area of the Corporate & Business Law in some legal systems. There it refers to a specific type of business corporate entity, established by the local government for public purposes…

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Bad faith – this term refers to the intention to deceive. Within the area of Criminal Law in some jurisdictions, a person who intentionally tries to deceive or mislead another one in order to steal something from them (for their…

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Abandonment option – within the area of Contract Law, the abandonment option is a specific term implemented in investment contract where it entitles the parties who have concluded the contract, to terminate the investment and to withdraw from the agreement…