Glossary Archive

Tort Claims in Arbitration Proceedings A tort claim refers to a legal claim arising from a wrongful act or infringement of a right that leads to civil legal liability. In the context of arbitration proceedings, tort claims can be addressed outside of traditional court systems, where disputes are resolved by a neutral third party, the...

Tortious Interference Tortious interference refers to a legal claim that arises when one party intentionally disrupts another party's contractual or business relationships, resulting in economic harm. This concept is rooted in tort law, which deals with civil wrongs that cause harm or loss to individuals or entities. There are two primary types of tortious interference:...

Tortious Interference with Contract Claim A tortious interference with contract claim is a legal cause of action that arises when one party intentionally disrupts a contractual relationship between two other parties, causing one of them to suffer damages. This claim is rooted in tort law, which deals with civil wrongs and damages. In order to...

Trade Dispute Arbitration Panels Trade Dispute Arbitration Panels are specialized groups or entities established to resolve conflicts or disputes that arise between parties involved in trade agreements, contracts, or transactions. These panels utilize arbitration, a method of alternative dispute resolution, which allows for the resolution of disputes outside of the traditional court system. Arbitration is...

Trade Fixture Agreement A Trade Fixture Agreement is a legal document that outlines the rights and responsibilities regarding fixtures installed by a tenant in a leased commercial property. Trade fixtures refer to items that a tenant installs in a rental space to conduct their business, such as shelving, equipment, or signage. These fixtures are typically...

Trade Secret A trade secret refers to any practice, design, formula, process, or information that is not generally known or reasonably ascertainable by others and provides a business advantage over competitors who do not know or use it. Trade secrets are a form of intellectual property and can encompass a wide range of confidential business...

Trade Secret Dispute Resolution Trade secret dispute resolution refers to the legal processes and methods used to resolve conflicts arising from the misappropriation, theft, or unauthorized use of trade secrets. Trade secrets are confidential business information that provides a competitive advantage, such as formulas, practices, processes, designs, instruments, patterns, or compilations of information. In the...

Probate Probate is the legal process through which a deceased person’s will is validated and their estate is administered. This process typically involves proving the authenticity of the will, identifying and inventorying the deceased’s assets, paying any debts and taxes, and distributing the remaining assets to the rightful heirs or beneficiaries. The probate process begins...

Transfer of Development Rights Agreement A Transfer of Development Rights Agreement (TDR Agreement) is a legal instrument that enables property owners to transfer the development potential of their land to another property or area. This is typically employed in land use planning to preserve certain areas, such as agricultural land or environmentally sensitive regions, while...

Transfer of Ownership Interest Agreement A Transfer of Ownership Interest Agreement is a legal document that facilitates the transfer of an ownership interest in a business or entity from one party to another. This agreement is commonly used in various business structures, including partnerships, corporations, and limited liability companies (LLCs). The agreement outlines the specific...