Glossary Archive

An Inter Vivos Gift is a transfer of property or assets made by an individual (the donor) to another individual (the donee) during the donor's lifetime. This type of gift is made without any expectation of receiving something in return and is often intended to provide support or benefits to the recipient while the donor...

Intercreditor Agreement An Intercreditor Agreement is a legal document that outlines the relationship and priorities between multiple creditors who have claims against the same borrower or collateral. This agreement is crucial in situations where a borrower has multiple layers of debt, as it clarifies how payments will be distributed among creditors in the event of...

Interest Arbitration Interest arbitration is a method of resolving disputes between parties, typically in labor relations, where an impartial third party, known as an arbitrator, makes binding decisions regarding the terms of a contract, often concerning wages, benefits, and working conditions. This process is typically utilized when the parties involved, such as employers and labor...

Interest Arbitration Panel An Interest Arbitration Panel is a decision-making body that resolves disputes between parties, typically in labor relations, regarding the terms of a collective bargaining agreement (CBA) when negotiations reach an impasse. This panel is often utilized when unions and employers cannot agree on issues such as wages, benefits, working conditions, or other...

Interest-Based Dispute Negotiation Interest-Based Dispute Negotiation is a negotiation strategy that focuses on the underlying interests and needs of the parties involved, rather than their positions or demands. This approach contrasts with traditional positional bargaining, where each party takes a firm stance and negotiates based on that stance. The primary goal of Interest-Based Dispute Negotiation...

Interest-Based Negotiation Interest-based negotiation, also known as principled negotiation or mutual gains negotiation, is a collaborative negotiation method that focuses on the underlying interests of the parties involved rather than their positions. This approach aims to find a win-win solution that satisfies the needs and interests of all parties, fostering cooperation and positive relationships. In...

International Arbitration International arbitration is a method of resolving disputes between parties located in different countries through a neutral third party, known as an arbitrator, rather than through the courts of any one jurisdiction. This process is governed by international treaties, national laws, and the rules agreed upon by the parties involved. International arbitration is...

International Commercial Arbitration Rules International Commercial Arbitration Rules are a set of procedural guidelines designed to govern the arbitration process in disputes arising from international commercial transactions. These rules facilitate the resolution of conflicts between businesses or entities from different countries through an arbitration process rather than through traditional court litigation. The International Commercial Arbitration...

Interpleader Clause in Lease Disputes An interpleader clause in lease disputes is a provision included in a lease agreement that allows a landlord to initiate an interpleader action in court to resolve conflicting claims to rental payments or deposits. This clause is particularly useful when multiple parties assert rights to the same funds, typically in...

Intestacy Distribution refers to the process by which the estate of a deceased person is distributed when they die without a valid will (intestate). In such cases, state laws, known as intestacy laws, govern how the deceased's assets are allocated among heirs. Intestacy Distribution typically follows a predetermined order of priority, which varies by jurisdiction....