Corporate Law

A deed of covenant is a legally binding agreement between two parties where one party undertakes to do or refrain from doing something specified in the deed. It is a formal document signed by the covenantor (the party making the promise) in favor of the covenantee (the party to whom the promise is made). This […]

A demarcation dispute refers to a disagreement or conflict that arises over the delineation or boundary of responsibilities, rights, or jurisdictions between two parties. These disputes can occur in various contexts, including legal, regulatory, contractual, or operational domains. Key Aspects of Demarcation Disputes Importance and Impact Legal and Regulatory Compliance Examples of Demarcation Disputes Construction

A discretionary trust is a legal arrangement where the trustee holds and manages assets on behalf of beneficiaries at their discretion, rather than according to fixed entitlements. In this type of trust, the trustee has the authority to decide how, when, and to whom the trust’s income and capital are distributed. This flexibility allows trustees

Distrain refers to a legal process where a creditor takes possession of a debtor’s property or assets as security or in lieu of payment for a debt owed. This action allows the creditor to seize and hold the debtor’s property until the debt is settled or other legal arrangements are made. Understanding the concept of

An easement is a legal right that allows one party to use or access another party’s property for a specific purpose. This guide will explain what easements entail, the types of easements, their implications, and provide examples to clarify their application in real-world scenarios. What is an Easement? Definition An easement is a legal interest

Encumbrance refers to a legal claim or restriction placed on an asset, typically financial in nature, which limits its use or transferability. In simpler terms, it represents a financial obligation or commitment that restricts the full use of an asset until the obligation is fulfilled or the commitment is resolved. Key Features of Encumbrance Types

Engel’s Law is an economic theory proposed by the German statistician and economist Ernst Engel in the mid-19th century. This law observes the relationship between a household’s income and its spending on food. Engel’s Law states that as a household’s income increases, the proportion of income spent on food decreases, even if the absolute amount

When encountering the term Errors and Omissions Excepted (E&OE), it typically appears in legal disclaimers and contracts. This phrase serves an essential role in clarifying the limitations and responsibilities associated with information provided in various contexts. This article will delve into the meaning of E&OE, provide practical examples, and discuss its significance in legal and

An escalation clause is a provision commonly found in contracts that allows for adjustments to specified terms, usually in response to changing economic conditions or unforeseen circumstances. This article explores the concept of escalation clauses, provides practical examples, and discusses their significance in contractual agreements. What is an Escalation Clause? An escalation clause is a

In legal and contractual terms, an escape clause plays a pivotal role in providing parties with an option to terminate or modify an agreement under specific conditions. This article aims to explain the concept of escape clause in a simple manner, provide practical examples, and highlight its significance in contractual agreements. What is an Escape