Glossary Archive

Financial Dispute Mediation Services Financial Dispute Mediation Services refer to a structured process in which a neutral third-party mediator assists disputing parties in resolving conflicts related to financial matters, such as debts, investments, or contracts. Mediation is a voluntary and confidential process that allows individuals or organizations to communicate their concerns and explore potential solutions...

Financial Mediation Financial mediation is a process in which a neutral third party, known as a mediator, facilitates discussions between parties to help them reach a mutually acceptable agreement regarding financial issues. This approach is often used in contexts such as divorce, business disputes, or estate planning, where financial assets and responsibilities need to be...

Financing Contingency Clause A Financing Contingency Clause is a provision in a real estate purchase agreement that allows the buyer to back out of the contract if they are unable to secure financing for the purchase of the property. This clause is crucial for buyers who need to obtain a mortgage or other forms of...

Fixture Clause in Real Estate Contracts A fixture clause is a provision in a real estate contract that specifies which items attached to the property are considered fixtures and will remain with the property when it is sold. Fixtures are items that are physically attached to the property and are intended to be a permanent...

Fixture Filing under UCC A Fixture Filing under UCC refers to the process of recording a security interest in personal property that has become so closely associated with real property that it is considered a fixture. Under the Uniform Commercial Code (UCC), fixtures are typically items that were once movable but have been affixed to...

Force Majeure Clause A Force Majeure Clause is a provision typically included in contracts that frees parties from liability or obligation when an extraordinary event or circumstance beyond their control prevents one or both of the parties from fulfilling their contractual obligations. Such events may include natural disasters (like floods, earthquakes, or hurricanes), war, terrorism,...

Force Majeure Mediation Clause A Force Majeure Mediation Clause is a provision commonly included in contracts that addresses the occurrence of unforeseen events that may prevent one or both parties from fulfilling their contractual obligations. This clause typically identifies specific events, such as natural disasters, war, terrorism, pandemics, or government actions, that would qualify as...

Force-Out Provision A Force-Out Provision is a contractual clause typically found in partnership agreements, shareholder agreements, or operating agreements of limited liability companies (LLCs). This provision grants certain parties the right to compel other parties to sell or transfer their ownership interests under specific conditions. The Force-Out Provision is commonly utilized to facilitate the smooth...

Forced Arbitration Clause A forced arbitration clause is a provision within a contract that requires the parties to resolve disputes through arbitration rather than through litigation in court. This clause typically stipulates that if a disagreement arises, the parties must submit to arbitration, which is a private dispute resolution process where an impartial third party...

Forced Heirship refers to a legal principle that mandates certain heirs to receive a predetermined share of a deceased person's estate, regardless of the deceased's wishes as expressed in a will. This concept is particularly relevant in jurisdictions that follow civil law traditions, such as many countries in Europe and some regions in Louisiana, but...