Glossary Archive

The Assignment of Interest is a legal mechanism used to transfer a person's rights or ownership in a particular asset or property, such as real estate, a business interest, or a financial asset, to another party. This transfer can occur through a written document that outlines the specifics of the assignment, including the parties involved,...

General Overview An Assignment of Proceeds Agreement is a legal contract where one party (the assignor) transfers their rights to receive proceeds from a specific source to another party (the assignee). This type of agreement is commonly used in various contexts, including finance, real estate, and business transactions. Detailed Explanation The Assignment of Proceeds Agreement...

Assignment of Rents and Leases The Assignment of Rents and Leases is a legal instrument used primarily in real estate transactions. It allows a property owner, typically a landlord or lessor, to transfer their rights to collect rents from a tenant to another party, often a lender or a third-party assignee. This instrument acts as...

An Assignment of Trust Interest is a legal document or agreement that allows a beneficiary of a trust to transfer their interest in the trust to another party. This transfer can be partial or complete, depending on the terms of the assignment and the trust agreement. The process typically involves the original beneficiary (the assignor)...

Assisted Negotiation Assisted negotiation is a process in which a neutral third party, often referred to as a mediator or facilitator, aids the parties involved in a dispute to reach a mutually acceptable agreement. This approach emphasizes collaboration over adversarial tactics, allowing for open communication and the exploration of shared interests. In assisted negotiation, the...

Assumption of Lease Agreement An Assumption of Lease Agreement is a legal document in which one party agrees to take over the responsibilities and obligations of another party under an existing lease. This typically occurs when the original tenant, known as the assignor, wishes to transfer their rights and duties in the lease to a...

Assumption of Risk Clause An Assumption of Risk Clause is a provision commonly included in contracts, particularly in the context of liability waivers and waivers of responsibility. This clause is designed to inform participants about the inherent risks associated with certain activities and to obtain their consent to assume those risks, thereby limiting the liability...

Estate Planning Estate Planning is the process of arranging for the management and disposal of a person's estate during their life and after death. It involves the preparation of legal documents to ensure that an individual’s wishes regarding their assets, health care, and guardianship are respected. Key components of Estate Planning include: Wills: A legal...

Attorney-Mediator Dual Role Ethics The Attorney-Mediator Dual Role Ethics refers to the ethical considerations and potential conflicts of interest that arise when a lawyer serves simultaneously as both an attorney and a mediator in a dispute resolution process. In mediation, a mediator facilitates negotiations between parties to help them reach a mutually agreeable settlement. When...

Attorney Opinion Letter for Title An Attorney Opinion Letter for Title is a formal document prepared by a licensed attorney that provides a legal opinion regarding the status of a property’s title. This letter typically accompanies a real estate transaction and serves to assure lenders, buyers, or other parties involved that the title to the...