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Most Popular Legal Definitions
collective bargaining
trade agreement negotiation between an employer and a person's representative to
govern hiring, work, pay and dispute resolution
act
statutory plan passed by Congress or any legislature which is a bill until
enacted and becomes law 2) (v.) a court offering a decision or ruling on a
motion or petition
monarchy
A form of government in which law-making power is given to a single person
conciliation
a form of alternate dispute resolution in which a neutral third-party hears both
sides and then issues a non-binding suggested resolution
beach bum trust provision
requirement in a trust that a beneficiary can only receive profit from the trust
equal to the amount they earn; this provision is intended to encourage the
beneficiary to work, and not just lie around the beach and live off the trust
statute of uses
A 1535 English law that prevented, for a time, the legal structure of a
use.
conversion
a legal action against a person who found and converted someone else's property
to his own use
immunity
An exemption that a person enjoys from the
normal operation of the law.
assured
the person or entity that is insured
private law
Law which regulates the relationships between individuals. Family, commercial,
and labor law are examples of private law because the focus is on the
relationships between corporations and relationships
between individuals.