Glossary Archive

A Partition Agreement in probate is a legal document that facilitates the division of property among co-owners, particularly in the context of inherited assets after a decedent's death. This agreement is particularly relevant when multiple heirs inherit a property but wish to separate their interests in a way that is mutually agreeable, rather than enduring...

A Partition Deed is a legal document used to divide co-owned property among multiple owners. This process typically occurs when co-owners of a property, such as siblings or business partners, decide to separate their interests in the property, often to facilitate individual ownership or to clarify rights. The Partition Deed outlines the specifics of the...

Partition Deed for Co-Owned Property A Partition Deed is a legal document used to divide co-owned property among its owners. This process often arises when multiple parties share ownership of a property, such as through inheritance, joint purchase, or partnership, and one or more owners wish to separate their interests in the property. The Partition...

Partnership Agreement A Partnership Agreement is a legally binding document that outlines the terms and conditions governing a partnership between two or more individuals or entities. This agreement serves as a foundational framework for the business relationship, detailing how the partnership will operate, the responsibilities of each partner, and the procedures for handling various aspects...

Partnership Agreement A Partnership Agreement is a legally binding contract between two or more individuals or entities that outlines the terms and conditions under which a partnership operates. This agreement establishes the rights and responsibilities of each partner, including their contributions, profit-sharing ratios, decision-making authority, and procedures for resolving disputes. The Partnership Agreement typically includes...

Party-Appointed Arbitrator A Party-Appointed Arbitrator is an arbitrator selected by one of the parties involved in a dispute to participate in the arbitration process. Arbitration is a form of alternative dispute resolution (ADR) where parties agree to resolve their conflicts outside of court, and it often involves a panel of arbitrators. In many arbitration agreements,...

Party Autonomy in Arbitration Overview Party Autonomy in Arbitration refers to the principle that parties involved in an arbitration agreement have the freedom to determine the rules and procedures that will govern the arbitration process. This principle emphasizes the significance of the parties' consent and their ability to tailor the arbitration process to their specific...

Party Autonomy in Dispute Resolution Party Autonomy in Dispute Resolution refers to the principle that parties involved in a dispute have the freedom to choose how they wish to resolve their disagreements, including the selection of the method, the rules governing the process, and the applicable law. This concept is fundamental in various forms of...

Party-Controlled Arbitration Procedures Party-Controlled Arbitration Procedures refer to a system of resolving disputes outside of the traditional court system where the disputing parties have significant influence over the arbitration process. This includes the selection of the arbitrator(s), the rules governing the arbitration, and the location and timing of the proceedings. In this framework, parties may...

Party Responsibility in ADR Costs Overview Party Responsibility in ADR Costs refers to the allocation of financial obligations associated with Alternative Dispute Resolution (ADR) processes, such as mediation or arbitration. These costs can include fees for the neutral third party, administrative expenses, and any additional costs incurred during the resolution process. Detailed Explanation In ADR,...