Glossary Archive

Abandonment of Easement Agreement An Abandonment of Easement Agreement is a legal document that formally relinquishes an easement, which is a right to use another person’s property for a specific purpose, such as access or utility installation. This agreement typically arises when the holder of the easement no longer intends to exercise that right or...

Abatement of bequests refers to the legal process by which a will or estate plan is adjusted to address a shortfall in the available assets to satisfy all debts, expenses, and bequests after a person's death. When a decedent's estate does not have enough assets to cover all specific bequests, the law requires that certain...

Abstract of Title An abstract of title is a comprehensive summary of the legal history of a specific parcel of real estate. It outlines all the recorded documents affecting the property, such as deeds, mortgages, liens, easements, and any other relevant legal instruments. The primary purpose of an abstract of title is to provide a...

Abuse of Process in ADR Abuse of Process in Alternative Dispute Resolution (ADR) refers to the improper use of the ADR process to achieve outcomes that are not aligned with its intended purpose. This can occur when a party exploits the ADR framework to harass, delay, or gain an unfair advantage over the opposing party....

Accelerated Dispute Resolution Procedures Accelerated Dispute Resolution Procedures refer to a set of streamlined processes designed to resolve disputes more quickly than traditional methods, such as litigation or standard arbitration. These procedures are particularly beneficial in contexts where time is of the essence, such as in business transactions, family disputes, or estate matters. These procedures...

Acceleration Clause in Loan Agreements An acceleration clause is a provision in a loan agreement that allows the lender to require the borrower to repay the entire loan balance, along with any accrued interest and fees, upon the occurrence of certain predefined events. This clause is typically designed to protect the lender's interests by allowing...

Access Easement An access easement is a legal right granted to an individual or entity to enter and use a portion of another person's property for a specific purpose, typically to gain access to a public road or another property. This type of easement does not grant ownership of the land but allows the easement...

Access to Justice in ADR Access to Justice in Alternative Dispute Resolution (ADR) refers to the ability of individuals, particularly those from marginalized or underrepresented groups, to seek and obtain a fair resolution of disputes without the barriers often associated with traditional litigation. ADR includes various processes such as mediation, arbitration, and negotiation, which offer...

The accretion of trust assets refers to the increase in value or the addition of assets to a trust over time, typically due to factors such as investment growth, interest accumulation, or the addition of new property contributed to the trust. This concept is crucial in trust administration and estate planning, as it affects the...

Acquisition Financing Agreement An Acquisition Financing Agreement is a legal contract outlining the terms under which a buyer secures funding to purchase a business, asset, or property. This agreement is typically used in mergers and acquisitions, where a company seeks to finance the purchase of another company or its assets. The Acquisition Financing Agreement details...