Access Right refers to the legal ability of a property owner to enter and exit their property, ensuring unobstructed access to and from a public road or path.
An entity that is recognized by the law as a legal person, meaning it possesses legal rights and obligations distinct from the individuals who comprise it. Examples include companies and corporations that can engage in legal actions, own property, etc.
An assignor is the party who assigns or transfers an agreement or contract to another entity or individual. In a legal context, this transfer of rights or interests enables the assignee to assume the assignor's privileges and obligations under the contract.
The Bundle-of-Rights Theory in real estate law postulates that ownership of realty encompasses a collection of distinct rights that include occupancy, use and enjoyment, and the ability to sell, devise, gift, or lease these rights.
Rights protected by the U.S. Constitution, enforceable by court action, encompassing rights such as property ownership, court utilization, marriage, contract, and other legal benefits, including those outlined in federal statutes.
Constitutional rights are the fundamental rights and freedoms guaranteed to individuals by the constitutions of a country, whether at the federal or state level. These rights often include freedoms related to speech, religion, assembly, and protection against unfair governmental actions.
A creditor is an entity that is owed money, either for goods or services provided or as a result of a loan. Creditors have a legal right to claim the owed amount from the debtor.
Due process refers to the legal requirement that the government must follow fair procedures when it seeks to restrict or condemn someone's property rights, ensuring notice and an opportunity for affected parties to be heard.
Emancipation is the legal process by which a minor is granted the freedom to assume certain legal responsibilities normally associated only with adults. This status is typically granted by a court.
Future Interest refers to an individual’s legal right to possess or enjoy property or assets in the future, usually upon the occurrence of a specified event or the fulfillment of certain conditions.
A hearing is a formal procedure in which issues of fact or law are tried, allowing parties to present evidence and arguments. Common in legal and administrative contexts, hearings lead to final decisions or orders.
Insurable interest refers to the legal right to insure arising out of a financial relationship, criminal liability, or a connection that warrants protection through an insurance policy for a person or entity.
A legal person, also known as an artificial person, is an entity recognized by law as having rights and duties similar to those of a natural person. Legal persons can enter into contracts, own property, sue, and be sued.
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.
Maturity refers to the date at which legal rights in something ripen. In commercial contexts, such as negotiable instruments, it is the time when the paper becomes due and demandable. It also applies to character and emotional development in personnel management.
An individual, trust, estate, partnership, association, company, or corporation having certain legal rights and responsibilities.
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 'prescriptive right' refers to the entitlement to use and access a property based on continuous and historic use over a certain period, without the permission from the rightful owner. Typically recognized in property law, such rights can affect land ownership and usage disputes.
Property refers to every valuable right or interest that is subject to ownership, has an exchangeable value, or adds to one's wealth or estate. It includes both physical objects and intangible rights, covering a broad range of items and interests that can be owned, used, and transferred.
Property rights refer to the legal rights to the ownership, use, and transfer of land, capital, and other goods. They are an essential element of the capitalist system and form the foundation for private ownership and profitability.
A contractual opportunity granted to a specific party to match the terms of a proposed contract before it is executed with another party.
Trespass refers to the unlawful entry or possession of another person's property without permission. It is a legal concept in property law covering physical intrusion on land, buildings, or personal space.
Intentional and voluntary surrender of some known right, which generally may either result from an express agreement or be inferred from circumstances.
