ILEC_09.txt

(US) graduate school offering courses in law leading to a law degree

contract for which the use and occupation of a property is conveyed to another, usually in exchange for a sum of money (rent)

land, building or space in a building which is stated in the relevant lease and occupied by the tenant

property whose duration of ownership or occupation is fixed or capable of being fixed

individual or organisation that can enter into contracts, is responsible for its actions and can be sued for damages

document outlining a lawyer's understanding of the law regarding a particular situation

artificial entity created by law and given legal rights and duties, for example a corporation

(UK) course that must be completed before a person can be qualified as a solicitor. It is the first step to becoming a solicitor (the second being working as a trainee solicitor, and the last being successful completion of the Professional Skills Course).

financial instrument, often issued by the buyer's bank, through which the bank agrees to make payment up to a specified amount for a particular period for goods when delivered

(Latin) law or laws the forum court decides should apply to a case from the relevant legal systems available for determination of an international case

(Latin) refers to the law of a party's domicile as applied in a choice of law situation

(Latin) law of the forum in which the matter is pending

(Latin) law of the place where the act involved in the case was carried out

(Latin) law of the place where arbitration is to take place (in conflict-of-Iaws context)

(Latin) law of the place where the contract is made

(Latin) law of the place where the wrong was done

(Latin) law of the place at which payment or performance of a contract is to take place

(Latin) refers to a set of trading principles used by merchants in Europe during the Middle Ages; today refers to a system of laws which is adopted by all commercial nations

(Latin) national law

(UK) permission or authority to do something which would otherwise be illegal. No interest is transferred in this case. (US license)

interest or attachment in another's property as security for payment of an obligation

creditor whose claim is secured by a lien

estate granted only for the life of the grantee

person who holds a life estate or an estate pur autre vie, or for the benefit of another

(also stipulated damages) compensation that is agreed to in the contract

dissolution of a company whereby all assets are sold and the proceeds used to pay off debts

(Latin) refers to when a dispute is pending elsewhere and can be pleaded by a party to avoid duplication of judgments in different jurisdictions

(UK) Bachelor of Laws, law degree (US)O (juris doctor))

form of long-term borrowing

preventing people from entering a building by locking it, such that employees cannot work