Letter of Credit: Legal Definition, Types and Purpose
What is a Letter of Credit? A Letter of Credit is a financial instrument issued by a bank or financial institution guaranteeing that a buyer’s…
Author: Yasmin K. Brinkley, MBA, LLM
Yasmin is an expert in Commercial Contracts, Securities Regulation, Corporate Governance, Intellectual Property and Media Law. Yasmin completed her LLB Degree and MBA in Toronto. She is a dual-qualified lawyer in Canada, and England & Wales, and an Adjunct Professor of Business Law. Yasmin helps small businesses and charitable bodies to navigate financial legalities.
Bill of Lading vs Waybill Comparison
What is a Bill of Lading and Waybill? A Bill of Lading is a legal document between the shipper and carrier, detailing the type, quantity,…
Promissory Note: Legal Definition, Issuance and Negotiability
What is a Promissory Note? A promissory note is a legally binding written agreement in which one party promises to pay a specific amount of…
Forfaiting vs Factoring: Legal Definition, Risks and Cash Flow
What is Forfaiting and Factoring? Forfaiting involves the purchase of medium to long-term receivables typically associated with international trade while factoring pertains to the short-term…
Negotiable vs Non-negotiable Instruments: Legal Meaning, Transferability and Payment Systems
Negotiable vs Non-negotiable Instruments: A negotiable instrument is a document that can be transferred from one person to another through endorsement, while a non-negotiable instrument…
Injunction: Legal Meaning, Restraining Order, Interlocutory and Irreparable Harm
What is an Injunction? An injunction is a court order that compels or restrains an individual, entity, or government body from taking specific actions, often…
Express vs Implied Terms: Legal Contract Terms
Difference between Express and Implied Terms Express vs Implied Terms: Express terms are explicitly stated and agreed upon by the parties in a contract, while…
What is Private Law? Branches of Private Law, Disputes and Remedies
What is Private Law Private law governs relationships and disputes between private individuals or entities, encompassing contracts, property, trusts, torts, and family law. Private Law…
Executive Compensation Claims: Legal Issues in Executive and Director’s Pay
What are Executive Compensation Claims? Executive compensation claims refer to legal disputes arising between executives and companies over issues related to the compensation packages, such…
Industrial Disease Claims: Legal Definition, Proving Liability and Compensation
What are Industrial Disease Claims? Industrial Disease Claims are formal allegations initiated by employees or their representatives against employers, asserting that an illness or medical…
