MGMT

Business Law

Rules and regulations governing business operations, ensuring compliance and protecting rights.

Supreme Law

The U.S. Constitution, which influences all other laws and regulations.

Tort Law

A legal area that addresses civil wrongs and injuries, allowing individuals to seek remedies through lawsuits.

Jurisdiction

The authority of a court to hear a case, based on geographic location or subject matter.

Stare Decisis

The doctrine obligating courts to follow precedents set by previous decisions.

Plaintiff

The party who brings a lawsuit to court.

Defendant

The individual or entity being accused in legal proceedings.

Damages

Monetary compensation sought by a plaintiff due to harm suffered from a defendant's actions.

Injunction

A court order requiring a party to do or refrain from doing a specific act.

Alternative Dispute Resolution (ADR)

Methods such as mediation and arbitration used to resolve disputes outside of court.

Complaint

A formal pleading alleging wrongdoing by the defendant that initiates the lawsuit process.

Discovery

A pre-trial phase where parties gather evidence and information to prepare for trial.

Fraud

Involves misrepresentation made with intent to deceive another party.

Trademark

A distinctive sign that identifies certain goods or services produced by a specific entity.

Negligence

Occurs when a party fails to exercise reasonable care, resulting in injury to another.

Causation in Fact

Determined by the 'but for' test, it assesses whether the injury would have occurred but for the defendant's actions.

Copyright

An intangible right granted to authors and creators to control the use of their original works.

Common Law

Derived from judicial decisions and precedents that shape the legal system.

Sarbanes-Oxley Act

Legislation enacted to reduce corporate fraud and improve accountability in financial reporting.

Corporate Social Responsibility (CSR)

The idea that corporations should act ethically and be accountable for their actions toward stakeholders.

Intentional Torts

Require intent to commit the act, including actions like assault and defamation.

Trial Courts

Initial courts where cases are heard, evidence is presented, and judgments are made.

Mediation

A form of ADR involving a neutral third party who helps disputing parties reach a voluntary settlement.