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Available entries: 385 entries
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Patent
A set of exclusive rights granted by a sovereign state to an inventor for a limited period of time (usually twenty years) in exchange for detailed public disclosure of an invention. Usually patents constitute four different classes: machine (a device or apparatus for the performance of a specific task); process; manufacture (any fabricated or manufactured product); or the composition of matter (a chemical mixture or compound). Legal dictionary
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Mortgage
Also referred to as a mortgage loan, is used by purchasers of real property to raise capital for the purchase, or by existing owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is secured on the borrower’s property, putting in place a legal mechanism which will enable the lender to take possession and sell the secured property to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. Legal dictionary
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Copyright
A legal device that gives the creator of literary, artistic, musical or other creative work the sole right to publish and sell that work. Copyright owners have the right to control the reproduction of their work, including the right to receive payment for that reproduction. An author may grant or sell those rights to others, including publishers and recording companies. Violation of copyright is called infringement. The typical duration of copyright is the author’s life plus fifty years. Legal dictionary
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Power of attorney (PoA)
A written authorisation to represent or act on another’s behalf (the principal) in private affairs, business or some other legal matter, sometimes against the wishes of the principal. It is generally terminated when the principal dies or becomes incompetent, but the principal can revoke it at any time. See also: Online POA and Other Notary Public Services in the UAE Legal dictionary
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Dubai International Arbitration Centre (DIAC)
Dubai International Arbitration Centre (DIAC) is an autonomous, permanent, non-profit institution offering arbitration services and facilities on an international scale. DIAC was created in 1994 as the "Centre for Commercial Conciliation and Arbitration". Legal dictionary
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Illegal
A violation of a statute, regulation or ordinance, which may be criminal or merely not in conformity; that which lacks authority of or support from the law. Legal dictionary
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Contract
A legal document, usually in writing, giving details of a formal legally binding agreement, between two or more different people or groups. To be legally binding it must contain certain elements: it must contain an offer made by one party and accepted in its entirety by the other, it must include some form of consideration whether it be money, goods or services, and it must be properly signed by all parties to it, and dated. Legal dictionary
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A fortiori
Used either to express the view that something that is true for one case is even more true in another case, or that if one thing is true then the second thing must also be true. Legal dictionary
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Acquittal
A formal declaration in court that a person is not guilty of a crime they were accused of. This also applies where the prosecution is abandoned. Legal dictionary
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Abolish
Refers to the ending of a system, practice or institution forever. Legal dictionary
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Judgment
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. Legal dictionary
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Travel ban
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. Legal dictionary
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Memorandum of association
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. Legal dictionary
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Obligation
The term that describes a duty that is enforced by a court and where non-fulfilment may incur a penalty. Legal dictionary
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Judgment debtor
A person against whom a judgment ordering him/her to pay a sum of money has been obtained and remains unsatisfied. Legal dictionary
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