Is a document that governs the relationship between the company and the outside. It is basically a statement that the subscribers wish to form a company, have agreed to become members, and in the case of a company which is to have a share capital, to take at least one share each.

An order issued by the authorities to all the state ports to prohibit a person from entering or leaving a country according to a court or police order for the protection of individual interests in cases like child custody, debt failure, or criminal investigation. Travel ban prohibits the banned person from leaving the country and gets him/her arrested while entering if the reason(s) for prohibition did not cease to exist.

The responsibility of a person to pay a debt or other financial obligation. If an individual signs a promissory note, that individual usually has full personal liability for the debt. An exception is the unusual situation of a non-recourse individual loan, in which the lender agrees to look only to the collateral for recovery in the event of default.

An arrangement where all of the parties involved are each liable up to the full amount of the relevant obligation. If one party dies, disappears or is declared bankrupt the others remain fully liable. The converse is several or proportionate liability, where the parties are liable only for their respective obligations and not for the obligations of any of the other parties.

Sometimes called absolute liability, is the legal responsibility for damages, or injury, even if the person found to be strictly liable was not at fault or negligent. Strict liability is especially found in product liability cases.

A decision of a court regarding the rights and liabilities of the parties to legal proceedings. Judgments generally provide the court’s explanation as to why it has chosen to make a particular decision.

A person against whom a judgment ordering him/her to pay a sum of money has been obtained and remains unsatisfied.