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A demand letter, letter of demand, [ 1] (of payment), or letter before claim, [ 2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong. Although demand letters are not legally required ...
L.Ed — Lawyers' Edition. L.Ed.2d — Lawyers 2nd Edition. LJ – Postnominals of a Lord or Lady Justice of Appeal (United Kingdom) LJJ – Postnominals of Lords or Ladies Justice of Appeal, plural (United Kingdom) LL.B. – Legum Baccalaureus — Bachelor of Laws. LLC — Limited liability company. LL.D. – Legum Doctor — Doctor of Law.
Reservation of rights. A reservation of rights, in American legal practice, is a statement that an individual, company, or other organization is intentionally retaining full legal rights to warn others of those rights. The notice avoids later claims that one waived legal rights that were held under a contract, copyright law, or any other ...
Compromise agreement. In the United Kingdom, a compromise agreement[ 1] is a specific type of contract, regulated by statute, between an employer and its employee (or ex-employee) under which the employee receives consideration, often a negotiated financial sum, in exchange for agreeing that he or she will have no further claim against the ...
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. [ 1] The term also has other meanings in the context of law. Structured settlements provide for future periodic payments, instead of a one ...
v. t. e. Alternative dispute resolution ( ADR ), or external dispute resolution ( EDR ), typically denotes a wide range of dispute resolution processes and techniques that parties can use to settle disputes with the help of a third party. [ 1] They are used for disagreeing parties who cannot come to an agreement short of litigation.
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