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Most Popular Legal Definitions
buy-sell agreement
contract among owners of a business which provides terms for their purchase of a
withdrawing partner's or stockholder's interest in the enterprise
construction
The legal process of interpreting a phrase or document.
spousal support
Payments to an ex-spouse which are temporary or indefinite, designed to pool and
share the income of both spouses for that period of time necessary for the
lower-income spouse to become economically self-sufficient.
Bill of Rights
the first ten amendments to the federal Constitution
capital stock
The original amount paid by investors into a corporation for its issued stock.
Capital stock also does not reflect the value of corporate assets, which can go
up or down based on profits, losses, or purchases of equipment. Capital stock
remains as a ledger entry at the original price.
seriatim
Latin for "one after another."
force
1) generally indicates a level of real or
perceived violence; to break-through; to impose 2)strength; power
novation
Agreement of parties to a contract to substitute a new contract for the old one.
diplomacy
peaceful representations between states
jurisprudence
Legal decisions which have developed and which accompany statues in applying the
law against situations of fact.