(also actual damages) compensation for proven injury or loss
genuine occupational qualification
limited circumstances where sex or marital status may be used as a job requirement
global firm
law firm that employs hundreds of attorneys from all over the world
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
grantor
person who transfers a property right or other benefit to a recipient (grantee)
hard norms
informal term referring to binding international treaty provisions
harmonisation
act of bringing the laws of multiple jurisdictions in line with each other
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 (HOC)
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 o fthe 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
immovable property
land, buildings or other permanent objects fixed to land
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
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
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.
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)
incoterms
set of international sales terms used as a standard between buyers and sellers to apportion costs and risk between them