Notary Public: An official authorized to certify or attest documents.
Notice of Recission: Letter advising party of undoing of a contract, more than a termination.
ONLINE LEGAL DEFINITIONS
Real property: property that is permanent, fixed, and immovable (i.e., land).
Obligor: A person who binds himself to another by contract.
Offer to Purchase Real Estate: A document used when a buyer is presenting an offer to purchase real estate from a seller.
Opening Statements: presentation made by the lawyer at the beginning of a trial in which he/she preview the evidence that he/she anticipate will be presented.
Organ Donation: A document that specifies the wishes of an organ donor.
Partnership Agreement: Contract between two parties to form a business.
Petition: a petition is an oral or written request presented to a court, government official or public entity.
Plaintiff: the party who has filled the lawsuit and is on the offensive pursuing some remedy or satisfaction from the defendant.
Delegating Parental Authority (Power of Attorney): Appoints a custodian for minor child and specifies custodian's powers.
Power of Attorney Revocation: Revokes the appointment of another to act on behalf of your interests.
Premarital Agreement: A written contract between intended spouses which provides for division of property, income and responsibilities to each other-and their children-should marriage end in divorce or other means.
Promissory Note: A promise to pay a principal sum plus interest.
Proxy: Authorization by a stockholder allowing another to vote his shares of stock.
Quitclaim Deed: Transfers title to real estate.
Real Property: All real estate (land, improvements, buildings) including residences, commercial property, vacation property, farms, condominiums and time-share units.
Recovery: amount of money awarded in or collected from a judgment or settlement.
Request for Credit Report: Letter to reporting agency for full and complete disclosure of credit file.
Request for production: written request that the opposing party turn over specified documents or other items for inspection or copying.
Request Under Freedom of Information Act: Letter to any government agency that may keep files on individuals.
Residential Lease: Agreement to rent residential property.
Residential Rental Application: Application for rental residential property.
Revocable Living Trust: A trust established while alive also known as an "inter vivos" trust that can be revoked.
Revocation: The nullification of a segment, portion, or all of an agreement.
Revoke: To cancel or terminate a document; or certain provisions of a document.
Sanction: imposition of a penalty or fine by the court.
Seal: A design, initial, or other device placed on a letter, document as a mark of genuineness or authenticity.
Security Agreement: Agreement between debtor and secured party putting up property to secure payment of specific obligations.
Seller: A person who sells; vendor.
Service of Process: delivery of the notice to the defendant that the plaintiff has filled a lawsuit in small claims.
Settlement: agreement between the parties in order to end a dispute or lawsuit.
Settlor: A person who makes a settlement of property.
Specific Power of Attorney: Appoints an attorney-in-fact to perform a specific act on behalf of the grantor.
Statue of Limitation: period of time within an action must be brought to justice.
Subcontractor: A person or company that assumes by secondary contract some or all of the obligations of an original contractor.
Sublease: Agreement between tenant, landlord and subtenant to sublet premises currently under lease to tenant that retains tenant's liability.
Subpoena: written order that commands a person to appear in court.
Suretyship: One who accepts liability for another's debts, defaults, or obligations.
Tenant: A person who pays rent to occupy or use a house, apartment, land, building, etc.
Testator: A person who makes a valid Will.
Trust: An agreement where a person transfers property to a trustee to hold and manage for the benefit of another person (the trust beneficiary).
Trustee: The person who holds title, manages and distributes the trust property for the benefit of the trust beneficiary.
Waiver of Lien: Lienholder releases all right to claim any liens for work done or material furnished.
Warrants: To guarantee the title of granted property to the grantee.
Warranty Deed: Land conveyed with warranty covenants providing assurance of title.
Withheld Delivery Notice: Letter advising buyer of reasons seller has not delivered goods.
Witness: A person who sees or hear something and gives evidence in court. Person who confirms a signature is genuine by adding his/her signature.
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