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general damages
(also actual damages) compensation for proven injury or loss
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genuine occupational qualification
limited circumstances where sex or marital status may be used as a job requirement
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global firm
law firm that employs hundreds of attorneys from all over the world
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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
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good title
title that is valid and free from defects such as liens, litigation or other encumbrances
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goods
items of personal property other than money (US good can be used in the singular)
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grantee
person to whom a grant of property is made
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grantor
person who transfers a property right or other benefit to a recipient (grantee)
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hard norms
informal term referring to binding international treaty provisions
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harmonisation
act of bringing the laws of multiple jurisdictions in line with each other
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hereditament
property which can be inherited; also refers to land in general
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high court
(UK) court which hears serious civil cases and appeals from county courts; (US supreme court)
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holder
person that has legal possession of a trade mark
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holder in due course (HOC)
person who acquires a negotiable instrument in good faith
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holder of title
person who owns the right to control and dispose of a particular piece of property
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holiday entitlement
right of an employee to take paid time off from his/her employment
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horizontal merger
combining of two or more firms which are at the same level in the economic supply chain
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hostile takeover
situation where a company attempts to buy another company against its wishes
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id est (i.e.)
(Latin) that is
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illegality o fthe subject matter
when the matter under consideration in the contract is unlawful and therefore unenforceable in a court of law
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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
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immovable property
land, buildings or other permanent objects fixed to land
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implied contract
contract whose terms have not been specifically outlined, but rather are presumed
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implied warranty
guarantee that is implied by law rather than promised by the seller
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impose
to introduce a rule, tax, punishment, etc. that must be obeyed, paid or accepted; to give someone a task or a duty, especially an unpleasant one or one that they do not want to do
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in rem
(Latin) against a piece of property (rather than a person)
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in the course of business
regular mode of conduct or routine of a trade
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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.
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incorporate
to include the provisions of something (e.g. a convention) as a part of something larger, such as a system (e.g. national legislation)
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incoterms
set of international sales terms used as a standard between buyers and sellers to apportion costs and risk between them
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