Damages: Legal Definition, Calculating Damages, Criteria and Awarding Damages
What is Damages? Damages are the monetary compensation awarded by a court to a party who has suffered loss or harm due to the wrongful…
Legal Title: Definition, Property Ownership, Deed, Transferability and Legal Rights
What is Legal Title? Legal title refers to the formal, officially recognised ownership of property, granting the holder the right to control, transfer, or use…
Shareholder: Legal Definition, Equity Ownership, Shareholder Rights and Agreements
Who is a Shareholder? A shareholder is an individual or entity that owns shares in a corporation, representing a portion of ownership in the company…
Mortgage: Legal Definition, Application Process, Refinancing, Bankruptcy and Foreclosure
What is a Mortgage? A mortgage is a legal agreement in which a borrower pledges real property to a lender as security for a loan,…
Property: Legal Definition, Ownership, Transfer, Tangible, Intangible, Land and Personal Property
What is Property? Property refers to a set of rights over assets, tangible or intangible, granting the holder legal control, use, and disposition of these…
Worker vs Employee: Definition, Legal Rights, Salary and Compensation
What is the Difference between Workers and Employees? An employee has a formal employment contract offering greater legal employment rights and protections, while a worker…
Equity: Legal Definition, Equitable Doctrines, Justice, Fairness and Good Conscience
What is Equity? Equity is a branch of law that supplements and, in certain cases, overrides the strict rules of common law to ensure justice…
Estoppel: Legal Definition, Types of Estoppel, Reliance and Detriment
What is an Estoppel? Estoppel is a legal principle that prevents a person from arguing something contrary to a position they previously took, especially if…
What is Tort Law? Liability, Negligence, Obligations and Remedies
What is a Tort? A tort is a civil wrong, other than a breach of contract, for which the law provides a remedy in the…
Intellectual Property: Legal Definition, IP Rights, Copyright, Patent, Trademark and Trade Secret
What is an Intellectual Property Right? An intellectual property right is a legal right that grants creators and inventors exclusive control over their original works…