Hospitality Law

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Last updated 3:00 PM on 9/18/24
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20 Terms

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Common Law

A legal system based on judge-made law and case law as the primary source of law.

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Civil Law

A legal system consisting of a legal code of general principles, which serves as the source of law.

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Contingency Fee

A payment structure where a lawyer receives a percentage of the settlement if the case is won.

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Law

A body of rules that regulates human relations and serves as an instrument of social control.

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Stare Decisis

A legal principle that mandates courts to follow precedents set by previous decisions.

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Punitive Damages

Monetary compensation awarded to punish a defendant for egregious conduct, beyond compensatory damages.

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Rights

The legal capacity of a person to require another to perform or refrain from an act.

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Duties

Legal obligations imposed on a person to perform or refrain from certain actions.

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Hospitality Law

Legal regulations that apply to businesses in the hospitality industry, such as restaurants and hotels.

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Dilution

The act of making a brand appear less favorable or distinct, often in trademark law.

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Procedural Law

Rules governing how courts conduct business and how cases proceed through the legal system.

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Administrative Law

Regulations created by administrative agencies that have the force of law.

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Contract

A legally enforceable agreement between two or more parties.

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Breach of Contract

The failure to fulfill the terms of a contract.

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Indemnification

The act of compensating someone for a loss or protecting them from legal responsibility.

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Attrition

The reduction in the number of expected participants or attendees in an event or contract.

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Group Lodging Contract

A written agreement for reserving multiple hotel rooms for an event or group.

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Meeting Planner

A professional responsible for organizing meetings and events for clients or employers.

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Allowable Attrition

The permitted decrease in the number of guests before incurring financial penalties.

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Fiduciary Responsibility

The obligation of an agent to act in the best interest of their principal.