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…
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.
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…
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…
Product Liability: Legal Meaning, Defects, Personal Injury, Liability and Warranty
What is Product Liability? Product liability refers to the legal responsibility that manufacturers, distributors, suppliers, and retailers bear for any personal injuries or damages caused…
Contract of Adhesion: Legal Definition, Standard Form, Unfair Terms and Legal Protection
What is a Contract of Adhesion? A contract of adhesion, commonly referred to as a “standard form contract” or “boilerplate contract,” is a pre-drafted agreement…
Offer and Acceptance: Legal Definition, Revocation, Rejection and Invitation to Treat under Contract Law
What is an Offer and Acceptance? In legal terms, an offer is a clear, definitive, and communicated proposition by one party (the offeror) to enter…
