Arrearages broadly refers to being in arrears or owing a debt. There are two main uses of the term. One refers to payments in arrears that are meant to occur after they are owed, such as wages paid a week after time is entered or for invoices...
commercial transactions
arson with intent to defraud an insurer
A party who intentionally sets fire to their property with the purpose of collecting insurance money on that property is guilty of arson with the intent to defraud an insurer. Arson with the intent to defraud an insurer is a state law offense...
artificial intelligence (AI)
According to 15 U.S. Code § 9401 artificial intelligence is defined as “a machine-based system that can, for a given set of human-defined objectives, make predictions, recommendations or decisions influencing real or virtual environments.”...
artificial person
An artificial person is also known as a juridical person; it has a legal name and has certain rights, protections, privileges, responsibilities, and liabilities in law, similar to those of a natural person. In other words, an artificial...
assign
Assign is the act of transferring rights, property, or other benefits to another party (the assignee) from the party who holds such benefits under contract (the assignor). This concept is used in both contract and property law.
Contract...attorney work product
Attorney work product is documents and other tangible things prepared in anticipation of litigation by or for a party or representative.
See: Fed. R. Civ. P. § 26(b)(3); and Hickman v. Taylor, 329 U.S. 495 (1947).
...audit committee
The audit committee is a committee composed of a company’s board of directors in charge of overseeing the company’s auditors, financial reporting, and disclosures. 15 U.S.C. § 78c(a)(58) defines an audit committee as “a committee (or...
autopsy rights
Autopsy rights are those given to the deceased and the next of kin to determine whether and to what extent autopsies should be performed. Typically, the individual (prior to death) and next of kin get to decide whether an autopsy is performed...
bad faith
Bad faith refers to dishonesty or fraud in a transaction. Depending on the exact setting, bad faith may mean a dishonest belief or purpose, untrustworthy performance of duties, neglect of fair dealing standards, or a fraudulent intent. It is...
bailee (custodian)
Bailee is a person who receives possession of a property or goods, usually pursuant to a contract of bailment. A bailee is responsible for the safe return of the property or goods to the owner (bailor) when the contract is fulfilled. Unlike a...