Glossary Archive

Exclusive Use Clause in Commercial Leases An exclusive use clause is a provision in a commercial lease agreement that grants a tenant the exclusive right to use a specific area or space for designated business purposes, preventing the landlord from leasing other spaces on the property to competing businesses. This clause is particularly common in...

An executor is an individual or entity appointed to carry out the instructions of a decedent's will and manage their estate during the probate process. This role is crucial as the executor is responsible for ensuring that the deceased's wishes are honored according to the provisions laid out in the will. The primary duties of...

An Executor Deed of Distribution is a legal document utilized in the probate process to transfer property ownership from the estate of a deceased individual to the heirs or beneficiaries as outlined in the will or determined by intestate succession laws. The Executor Deed of Distribution serves several important functions in estate administration: Authority of...

An Executor Fee Schedule is a detailed outline that specifies the fees and compensation an executor may receive for their services in managing and settling a deceased person's estate. This schedule is crucial as it provides transparency regarding the financial aspects of estate administration, ensuring that both the executor and the beneficiaries understand the expected...

An Executor Nomination Clause is a provision included in a will or trust document that specifically designates an individual or individuals to serve as the executor of the estate upon the death of the testator (the person who created the will). This clause is essential for ensuring that the testator’s wishes regarding the administration of...

An Executor’s Deed is a legal document used by an executor of an estate to transfer real property from a deceased person to the beneficiaries or heirs as outlined in the decedent's will. This deed is necessary when the estate is settled and the executor is authorized to distribute the assets. The Executor’s Deed typically...

Expedited Arbitration Expedited Arbitration is a streamlined process for resolving disputes more quickly than in traditional arbitration. This method is designed for cases that can be resolved swiftly, typically involving lower monetary amounts or simpler issues. The key features of expedited arbitration include shortened timelines for submitting evidence and arguments, limited discovery procedures, and potentially...

Expedited Enforcement of Arbitration Awards Expedited Enforcement of Arbitration Awards refers to the streamlined process by which courts enforce arbitration awards without the typical delays associated with litigation. Arbitration, a form of alternative dispute resolution, allows parties to resolve disputes outside of court, and an arbitration award is the decision made by the arbitrator. The...

Expedited Mediation Services Expedited Mediation Services refer to a streamlined process in mediation that allows for quicker resolution of disputes, typically involving a neutral third-party mediator who facilitates discussions between the parties to reach a mutually agreeable solution. This approach is designed to minimize the time and cost associated with traditional mediation, making it an...

Expert Determination in ADR Expert Determination is a method of Alternative Dispute Resolution (ADR) where a neutral third party, known as an expert, is appointed to make a binding decision regarding a specific issue or dispute between parties. This process is often used in complex cases where specialized knowledge or expertise is required to resolve...