Term
|
Definition
| In conformance with the law; having legal purpose and legal subject matter |
|
|
Term
|
Definition
| charging a rate of interest that exceeds the rate permitted by law |
|
|
Term
|
Definition
| the rate of interest that can be charged on the loan unless parties have contracted for a higher rate allowed under some other section of the NCGS. |
|
|
Term
|
Definition
| when the court removes an illegal portion of the contract and only enforces the legal part. |
|
|
Term
|
Definition
| wagering law are illegal and the parties cannot sue; not an enforceable contract |
|
|
Term
| Sunday Closing (Blue Laws) |
|
Definition
| keeping stores closed on Sundays; alcohol sales after noon on Sundays. |
|
|
Term
| Unlicensed performance laws |
|
Definition
lack of permits; unpermitted activities.
The person intended to be protected by a statute will be able to sue for damages. |
|
|
Term
|
Definition
| the principle that injury to the public good is a basis for denying certain rights. |
|
|
Term
|
Definition
| a private agreement which attempts to prevent one party from exercising a legal right |
|
|
Term
| A covenant not to compete |
|
Definition
| is a provision in the contract that restricts a party's ability to undertake a business activity that would conflict with the business of a former employer or a new employer or a new owner/purchaser of a business. |
|
|
Term
|
Definition
is a clause in a contract that limits a party's liability for a wrongful act.
Example: releases; not our fault if something happpens; parking garage; sporting events |
|
|
Term
|
Definition
| companies hired to identify, collect, review, and preserve documents that law firms' clients may have on their pc, phones, electronic devices needed for a lawsuit. |
|
|
