Glossary Archive

Labor-Management Dispute ADR Frameworks Labor-Management Dispute Alternative Dispute Resolution (ADR) Frameworks refer to structured processes designed to resolve conflicts between employers and employees without resorting to litigation. These frameworks aim to facilitate dialogue and negotiation, promoting mutually agreeable solutions while preserving the working relationship. There are several key components and types of ADR frameworks used...

Land Banking Agreement A Land Banking Agreement is a contractual arrangement in which an individual or entity acquires undeveloped land with the intention of holding it for future sale or development rather than immediate use. This strategy is often employed by investors or developers who anticipate an increase in the land's value over time due...

Land Contract Seller Financing Agreement A Land Contract Seller Financing Agreement is a type of real estate transaction where the seller provides financing to the buyer, allowing them to purchase the property without the need for traditional bank financing. This arrangement is often used when the buyer may have difficulty obtaining a mortgage or when...

Land Use Restriction Agreement A Land Use Restriction Agreement is a legal document that establishes specific limitations on how a piece of real estate can be utilized. These agreements are often created to ensure that the land is used in a manner consistent with community standards, environmental conservation, or specific development goals. The primary purpose...

Landlord Estoppel Certificate A Landlord Estoppel Certificate is a document created by a landlord that confirms the terms and conditions of a lease agreement. This certificate is typically requested by a third party, such as a lender or potential buyer, to verify the status of the lease and the rights of the tenant. The Landlord...

Landlord-Tenant Dispute A landlord-tenant dispute refers to a conflict that arises between a landlord, who owns rental property, and a tenant, who rents that property. These disputes can involve various issues related to the lease agreement, property maintenance, payment of rent, or the rights and responsibilities of each party under local, state, or federal laws....

Landlord-Tenant Dispute Mediation Landlord-Tenant Dispute Mediation is a process through which a neutral third party, known as a mediator, assists landlords and tenants in resolving conflicts that arise during the rental relationship. This method aims to facilitate communication and negotiation between the parties to reach a mutually acceptable agreement without resorting to litigation. Mediation is...

Landlord’s Right to Enter Clause The Landlord’s Right to Enter Clause is a provision typically included in a lease agreement that outlines the circumstances under which a landlord may enter the leased property. This clause is crucial for establishing the balance between the landlord's need to inspect, maintain, or repair the property and the tenant's...

Last Offer Arbitration Last Offer Arbitration is a dispute resolution method used primarily in negotiations and labor disputes. This approach involves each party submitting their final offer to an arbitrator, who then selects one of the offers without modification. The selected offer becomes binding, promoting efficiency and encouraging parties to present their best possible terms....

A Last Will and Testament is a legal document that outlines an individual's wishes regarding the distribution of their assets and the care of any minor children upon their death. It serves as a formal declaration of how the testator (the person creating the will) desires their estate to be managed and divided after they...