Condition subsequent Absolute which applies after an event occurs that may affect the validity of the agreement. Example: In transactions, the legal team performs a condition subsequent to map risks. Business & Corporate Law Reference…

Escrow A mechanism for depositing funds/documents with a neutral third party until requirements the transaction is fulfilled. Example: In transactions, the legal team performs escrow to map risks. Business & Corporate Law General Reference: company & contract law…

…limited use of copyrighted works for specific purposes permitted by law with requirements certain conditions. Example: The company registers fair use to protect its intellectual assets. Intellectual Property Rights General Reference: IPR regime (more…

…an application is deemed rejected if the official does not respond within a certain deadline (with requirements). Example: The aggrieved party files an appeal against the negative fictitious decision through available mechanisms. State Administrative Law Reference…

…an application is deemed granted if the official does not respond within a certain deadline (with requirements). Example: The aggrieved party files an appeal against the positive fictitious decision through available mechanisms. State Administrative Law Reference…

Agreement Concordance of the will of the parties as requirements valid agreement. Example: In a contract dispute, the plaintiff argues for an agreement to claim their rights. Civil Law General reference: Civil Code and civil law doctrine

...nation for convenience Provision for termination of an agreement without fault of the other party with requirements certain conditions. Example: The termination for convenience clause/concept is discussed when drafting policies or contracts. Business & Corporate Law General reference:…

Legal aid Legal assistance provided to people/groups who meet requirements the requirements. Example: Advocates are obliged to comply with legal aid in handling cases. Professional Ethics & Advocates General reference: legal professional ethics & advocates

...etter of intent (LoI) A statement of interest to continue a transaction/negotiation with requirements certain conditions. Example: In a transaction, the legal team conducts a letter of intent (loi) to map out risks. Business & Corporate Law General reference: law…

License Permission from the rights holder to use intellectual property rights with requirements certain conditions. Example: In the discussion of principles & foundations, the term “License” is often used. Principles & Foundations General reference: legal principles