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What Is Legal Contract Age?

Before an individual can enter into a binding legal agreement known as a contract, he or she must meet the legal contract age. The legal contract age is also referred to as the age of majority, which is 18 years old in most jurisdictions. Individuals below the age of 18 years old are not obligated...

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What Does Legally Binding Mean?

Legally binding agreements are terms undertaken during a contract. Legally binding means that one agrees with the terms under a written or spoken contract to behave in certain ways. Legally binding agreements indicates that an arrangement has been consciously made, and certain actions are now either...

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What Is a Legal Service Plan?

A legal service plan is a special type of legal service offered by most attorneys, which is aimed at individuals or organizations that frequently need the services of a legal attorney.

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What Is Legal Tender?

Legal tender refers to the money that is issued by the government and that is accepted as the main means of payment. The term legal tender is usually applied to the bills and coins that the government makes. The government lays down the rules and regulations that apply to use creation, distribution,...

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In Law, What Is a Third Party?

In regards to a contract or other legal relationship between two parties, a third party is considered one who isn't legally bound to the given contract through any legal obligations, but still has some interest in the contract's outcome, be it financial gains or another type of benefits.

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What Is a Legal Memo?

Cases are often summarized into essays written by paralegals, law students, lawyers, or legal researchers in order to provide insight into the legal issues raised in such cases. These essays are referred to as legal memorandums or legal memos and are commonly used by those who exercise the art of...

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What Is Legal Liability?

A person, company, corporation, or entity can be held legally responsible for certain actions or situations. This kind of instance is most often found when contracts are involved. Parties who have entered into a contract or legally binding agreement are fully responsible for delivering goods or...

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What Is a Legal Opinion?

When a judge arrives at a decision, he or she can provide a commentary or an accompanying explanation. This document that contains the judge’s elaborations are referred to as legal opinions. In the case of several judges deciding a single case, as is the situation when a case reaches the Supreme...

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What Are Legal Duties?

Certain obligations must be fulfilled by people otherwise they may be penalized by virtue of the law. Such obligations are usually written down in a formal, legal, binding document ensuring that these obligations are carried out lest the parties involved may be subject to some form of legal...

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What Is Due Process of Law?

A person who is charged or accuse of an offense cannot be immediately taken into custody by a law enforcement agency or officer. It is necessary that he or she be subject to the law and whatever else the law entails. This legal concept refers to due process of law. This is a generally accepted...