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Most Popular Legal Definitions
shareholder agreement
A contract between the shareholders of a company
and the company itself, in which certain thing which would otherwise be the
purview of the board of directors, are predetermined.
advancement
gift made by a person to one of his or her children or heirs in anticipation of
a gift from the still-living parent's potential estate as an advance on one's
inheritance; one should obtain proof that the advanced sum was against the
projected inheritance
public law
Laws which regulate the structure and administration of the government, the
conduct of the government in its relations with its citizens, the
responsibilities of government employees and the relationships with foreign
governments.
vendor
A seller, particularly of real property.
American Bar Association
The largest organization of American lawyers, which is prestigious for
formulating guidelines for the practice of law, giving direction to legislation,
lobbying for the law profession, and evaluating federal judges; less then
one-third of attorneys belong to the A.B.A
sole proprietorship
A business by a single individual which is not
formally organized and for which the individual and the business are
indistinguishable in law.
variance
1) An exception to a zoning ordinance,
authorized by the appropriate governmental body. 2) a difference between what
the prosecution has charged and what it has proved. 3) a difference between what
is alleged and what is proved in a civil complaint.
solicitor
A lawyer that restrict his or her practice to
the giving of legal advice and preparation of formal legal documents, and does
not normally litigate.
aliquot
a definite fractional share, usually applied when dividing and distributing a
deceased person's estate or trust assets
kin
A blood or marriage relative; 'next of kin' refers to the closest relative