Lesson of the Week

Avoid saying LLC or limited liability company unless you are specifically referring to the U.S. company form. limited liability company More information on the words discussed in the video, including sound files, examples of usage, common mistakes and encyclopaedic information, can be found in TransLegal’s…

A frequently asked question is what to call attachments to a contract. The terms appendix, exhibit, annex and attachment all refer to something which is added to a document and thus are often used interchangeably. appendix exhibit schedule More information on the words discussed in…

What do you call the highest ranking corporate officer in a company or corporation? There really are two primary titles or names given to these individuals and that’s either the CEO which standards for the Chief Executive Officer or Managing Director. chief executive officer due…

In the context of contract law, consideration is a vital element required to form a contract. Along with an offer, acceptance and the intent to create legal relations, consideration is fundamental to contract. As a general rule, a contract is not enforceable if there is…

Obiter dicta literally means “said by the way” or “statements made in passing” and the phrase describes statements, remarks or observations made by a Judge in a ruling that are tangential or supplementary in deciding the case. holding More information on the words discussed in…

The term trust has many different uses, but the basics are that a trust is a legal device used to set aside the money or property of one person, called the settlor, for the benefit of another person – the beneficiary. For example, a trust…

One of the most common questions we get is what to call the material that supplements a contract. The terms appendix, exhibit, annex and attachment all refer to something which is attached or added to a document and thus are often used interchangeably and represent…

In camera literally means “in a chamber”, but lawyers usually use this Latin phrase in the context of court cases or portions of cases that are conducted in private. in camera More information on the words discussed in the video, including sound files, examples of…

A deed can mean a couple of different things for lawyers. It can simply be an act or it can be a document as simple as a written instrument by which land is conveyed or transferred, or a written document which is required by law…

The Latin phrase ex post facto literally means “after the fact”. This phrase is usually used to refer to retroactive laws, i.e., laws which change the legal consequences of acts which were committed before the law was made. retroactive More information on the words discussed…