Glossary Archive

Dispute Resolution Escrow Accounts A Dispute Resolution Escrow Account is a specialized financial arrangement used to hold funds in trust while a dispute is being resolved. This account serves as a neutral repository for money that is in contention between parties involved in a dispute, such as in a real estate transaction, contract disagreement, or...

Dissolution of Corporation Dissolution of a corporation refers to the formal process of terminating the legal existence of a corporation. This process can be voluntary, initiated by the corporation's directors and shareholders, or involuntary, resulting from a court order or administrative action due to failure to comply with legal requirements. In a voluntary dissolution, the...

Dissolution of Corporation The dissolution of a corporation is the formal process by which a corporation is legally terminated and ceases to exist as a separate entity. This process can occur voluntarily, where the corporation's shareholders or board of directors decide to dissolve the entity, or involuntarily, through a court order or administrative action due...

Dissolution of Partnership Arbitration Dissolution of Partnership Arbitration refers to a specific dispute resolution process used to resolve conflicts arising from the dissolution of a partnership. This process involves the appointment of an arbitrator or a panel of arbitrators to hear the grievances of the partners and make binding decisions regarding the terms and conditions...

A Distribution Plan is a strategic document that outlines how a deceased person's assets and estate will be allocated among beneficiaries after their death. This plan is an essential component of estate planning, ensuring that the deceased's wishes are honored and that the distribution process is efficient and clear. The Distribution Plan typically details the...

Divorce Mediation Divorce mediation is a process in which a neutral third party, known as a mediator, facilitates communication and negotiation between divorcing spouses to help them reach a mutually acceptable agreement on various issues related to their divorce. This alternative dispute resolution method aims to resolve conflicts amicably, avoiding the need for a lengthy...

Document Disclosure in Mediation Document Disclosure in Mediation refers to the process through which parties involved in a mediation provide relevant documents and information to one another to facilitate open communication and negotiation. This process is essential for ensuring transparency and fairness during mediation sessions, allowing all parties to have a clear understanding of the...

Document Retention in Arbitration Document Retention in arbitration refers to the policies and practices regarding the maintenance, storage, and eventual destruction of documents and evidence related to an arbitration proceeding. This process is critical for ensuring that all relevant materials are available when needed for the arbitration process and that the parties comply with legal...

Documentary Transfer Tax Payment A Documentary Transfer Tax Payment is a fee imposed by a local government on the transfer of real property or real estate interests. This tax is typically calculated based on the sale price of the property being transferred and is assessed at the time of the transaction. The purpose of the...

Arbitration Arbitration is a method of resolving disputes outside of the courts. It involves one or more neutral third parties, known as arbitrators, who are appointed to make a binding decision on the dispute. Arbitration is often preferred in commercial disputes due to its efficiency, confidentiality, and the expertise of the arbitrators in specific fields....