money & the law library

 

Money & the Law intersect in many interesting and often controversial ways. Check out the Money & the Law channel to see what happens when these two powerful forces cooperate or collide.

Featured Article:  How Patents Work

The inventor's best friend (or worst enemy) is the patent system: If you're the first to come up with an idea, it's yours. But, if somebody beat you to it, it's back to the drawing board. Learn about patents. See more »

Claims Court

Claims Court, in the United States, a court that hears suits for claims brought by private individuals against the federal government or state governments.

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Class-action Suit

Class-action Suit, a lawsuit in which one or more persons sue on behalf of a large group with some common interest.

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Commercial Law

Commercial Law, the collective name for the branches of law that deal with commerce.

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Contract

Contract, a binding agreement between two or more persons, or parties, to do or refrain from doing a particular thing.

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Copyright

Copyright, the legal protection given to authors, artists, and composers to prevent reproduction, sale, or adaptation of their work without their consent.

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Corporation

Corporation, an organization with a government charter that separates the rights and responsibilities of the organization from those of its members.

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Damages

Damages, in law, a sum of money awarded by a court in recompense for a loss or wrong.

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Deed

Deed, in law, a written and signed statement by which one person sells or gives real estate to another.

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Deposition

Deposition, in law, written testimony of a witness or some other person, taken under oath, for use in court.

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Divorce

Divorce, the ending of a marriage by court action that permits remarriage. Divorce differs from annulment and separation.

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Driver''s License

Driver's License, a legal authorization permitting an individual to drive a road vehicle.

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Easement

Easement, in law, the right to a limited use of land belonging to another person; also, the right to prevent an owner from making certain use of his own land.

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Escheat

Escheat, in law, the taking over of property by the state after the death of the owner if there is no will and no legal heir.

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Escrow

Escrow, in law, a deed or other document, a sum of money, or a piece of property held temporarily by an individual or institution (called the escrow agent) as part of a transaction involving two other parties.

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Estate

Estate, in law, the property owned or partially owned by an individual. It may be real property or personal property.

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Execution

Execution, in civil law, a court order, or writ, empowering an officer to enforce a judgment.

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Fixture

Fixture, in law, an item of personal property that has been affixed to real property and thus become part of the real property.

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Franchise

Franchise, in business, a grant, or authorization, for a firm to use something belonging to someone else.

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Guardian

Guardian, in law, a person or institution entrusted with the care of another person (called a ward), or another's property, or both person and property.

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How Copyrights Work

Copyrights are the one of the only forms of intellectual property that have historical basis in the Constitution. All other forms rely on common or statutory law for enforcement. Learn how they work.

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