A legal term referring to a personal right to possess property or claim debts, which can only be realized by taking legal action.
In legal contexts, a defendant is a party against whom a lawsuit has been filed in a civil proceeding or an individual charged with a crime in a criminal proceeding.
A litigant is a party actively involved in a lawsuit, either as a plaintiff or a defendant. They actively participate in litigation, seeking to resolve a legal dispute through judicial intervention.
Litigation is a judicial contest through which legal rights are sought to be determined and enforced. It typically involves various stages, including pleadings, discovery, trial, and potentially appeal.
Notice is information concerning a fact actually communicated to a person by an authorized source, or derived from a proper source, usually in the context of legal proceedings.
A plaintiff is the individual or entity who initiates a lawsuit by filing a complaint with a court of law, seeking remedies for an alleged injury or violation of rights.
A Stockholders' Derivative Action is a lawsuit filed by shareholders on behalf of a corporation. Such a suit aims to address grievances suffered primarily by the corporation, typically due to breaches of fiduciary duty by those managing the corporation. It's often the only civil remedy available to a stockholder for such breaches.
