Glossary Archive

Construction Defect Dispute Resolution Construction defect dispute resolution refers to the process of resolving disagreements or claims arising from defects in construction work. These disputes can occur between various parties involved in a construction project, including property owners, contractors, subcontractors, and suppliers. In general, construction defects can be categorized into two main types: design defects...

Construction Dispute Adjudication Construction Dispute Adjudication is a formal process used to resolve disagreements arising during the construction of a project. This mechanism is designed to provide a quick and efficient resolution to disputes, allowing work to continue without significant delays. In practice, Construction Dispute Adjudication involves the appointment of an adjudicator, who is usually...

Construction Loan Agreement A Construction Loan Agreement is a short-term financing arrangement specifically designed to fund the construction of a new property or a significant renovation of an existing structure. It provides the borrower with funds to cover construction costs, including materials, labor, and other associated expenses, typically disbursed in stages as the project progresses....

Constructive Notice in Real Estate Transactions Constructive notice is a legal concept that refers to the assumption that an individual or entity has knowledge of a fact, even if they are not directly aware of it. In the context of real estate transactions, constructive notice typically pertains to information that is publicly available and recorded,...

Constructive receipt is a tax principle that refers to income that has not yet been physically received but is considered to be received for tax purposes. Under the constructive receipt doctrine, a taxpayer must report income when it is credited to their account or made available to them without substantial limitations or restrictions, even if...

A Constructive Trust is an equitable remedy imposed by a court to address situations where one party holds property under circumstances that are unjust or inequitable to another party. This type of trust is not established by a formal agreement but is created by the court to prevent unjust enrichment, ensuring that the property is...

Consumer Arbitration Consumer arbitration is a form of alternative dispute resolution (ADR) that is used to settle disputes between consumers and businesses without going to court. In this process, a neutral third party, known as an arbitrator, is appointed to review the evidence, hear arguments from both sides, and make a binding decision. Overview of...

Consumer Protection ADR Mechanisms Consumer Protection Alternative Dispute Resolution (ADR) Mechanisms refer to processes designed to resolve disputes between consumers and businesses outside of traditional court litigation. ADR encompasses various methods, including mediation, arbitration, and negotiation, which provide consumers with accessible and often quicker means of resolving grievances related to goods or services. Mediation involves...

Contesting a Will refers to the legal process wherein an individual challenges the validity of a deceased person's last will and testament. This process typically arises when a beneficiary or an interested party believes that the will does not reflect the true intentions of the deceased or was executed under improper circumstances. The grounds for...

Contingency Fee Agreement A contingency fee agreement is a contractual arrangement between a lawyer and a client where the lawyer's fees are contingent upon the successful outcome of a legal case. This means that the lawyer only receives payment if the client wins the case or achieves a favorable settlement. If the case is unsuccessful,...