What Is The Meaning Of Contract?
Simple Definition: A contract is a legal agreement [a formal understanding that is enforceable by law] between two or more parties that outlines the terms and conditions [pecific details and…
What Is The Meaning Of Corporation?
Simple Definition: A corporation is a type of business that is considered as a separate legal entity [an organization or person that has the ability to enter into contracts and…
What Does The Rule Of Law Mean?
Simple Definition: The Rule of Law is a principle that states that everyone is subject to the law and that the law should be applied fairly and consistently [in a…
Meaning Of Fiduciary Relationship
Simple Definition: A fiduciary relationship is a relationship of trust where one party (the fiduciary) is legally obligated to act in the best interest of another party (called the beneficiary),…
Meaning Of Notarized
Simple Definition: "Notarized" means to have a legal document officially verified by a notary public (a person authorized to perform certain legal formalities, such as witnessing signatures) who signs and…
What Is The Meaning Of Indictment?
Simple Definition: An indictment is a formal accusation of a crime made against a person by a grand jury. [Grand jury: a group of citizens who decide if there is…