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Good faith state of mind whereby a person has an

Honest conviction that they are observing reasonable

Commercial standards of fair dealing

Good title title that is valid and free from defects such

As liens, litigation or other encumbrances

Goods items of personal property other than money (US

Good can be used in the singular)

Grantee person to whom a grant of property is made

Hereditament property which can be inherited; also

Refers to land in general

High court (UK) court which hears serious civil cases

And appeals from county courts; (US supreme court)

Holder person that has legal possession of a trade mark

Holder in due course (HDC) person who acquires a

Negotiable instrument in good faith

Holder of title person who owns the right to control and

Dispose of a particular piece of property

Holiday entitlement right of an employee to take paid

time off from his/her employment

Horizontal merger combining of two or more firms which

Are at the same level in the economic supply chain

Hostile takeover situation where a company attempts to

Buy another company against its wishes

, id est (i.e.) (Latin) that is

Illegality of the subject matter when the matter under

Consideration in the contract is unlawful and therefore

Unenforceable in a court of law

Immaterial breach breach of contract after which the

Non-breaching party is still required to perform its

Contractual obligations and may be entitled to

Damages

Implied contract contract whose terms have not been

Specifically outlined, but rather are presumed

Implied warranty guarantee that is implied by law rather

Than promised by the seller

In rem (Latin) against a piece of property (rather than a

Person)

In the course of business regular mode of conduct or

Routine of a trade

Incidental beneficiary person who was not planned to

Benefit from a contract and is also not party to that

Contract. This person does not gain any rights under

The contract.

Indefinite vague, not certain, not determined

Infringement unauthorised use of material protected by

Copyright, patent or trademark law

Inheritance property which is transferred upon death to

A person designated as an heir

Injunction official order from a court for a person to do

Or stop doing something

Injured party party that has suffered a violation of its

Legal rights

Inn of Court (UK) one of four institutions that barristers

Must join in order to practise law as a barrister

insolvent unable to pay one's debts

Instrument written formal legal document

Intangible property rights legal interest or claim in

Things which cannot be touched or felt

Intended beneficiary person who was planned to benefit

From a contract but is not party to that contract. As a

Result of this, this person obtains rights to enforce the

Contract.

intent mental desire/willingness to act in a certain way

Inter alia (Latin) among other things

Ipso facto (Latin) by that very fact itself

Issue to produce or provide something official

Date: 2015-12-11; view: 616