Hearsay Evidence

The term “hearsay” refers to an out-of-court statement made by someone other than the witness reporting it. For example, while testifying in John’s murder trial, Anthony states that John’s best friend told him that John had killed the victim. Anthony did not hear John make the admission firsthand, making testimony of this statement “hearsay.” To explore this concept, consider the […]

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Intellectual Property

Intellectual property refers to creations of the human mind, whether creative or intellectual, such as art and designs, literary works, music, and the names, symbols, and images used in business. The ownership of intellectual property is categorized into four groups: copyright, trademark, patent, and trade secrets. Ownership of such property provides exclusive rights, providing the owner protection against unauthorized use […]

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Force Majeure

A French term that literally means a superior or irresistible power, “force majeur” is used in the legal system to refer to natural and unavoidable catastrophes that interrupt the expected course of events. Force majeure clauses are often found in contracts and insurance policies to protect the parties in the event duties cannot be performed due to causes outside the […]

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Accredited Investor

Accredited investor is a term used to define certain individuals and entities that are allowed to engage in higher risk investments, or to invest on a large-scale basis. Such investments may include seed money, hedge funds, private placements, and angel investor networks. Accredited investors are generally wealth individuals and such organizations as banks, insurance companies, large charities, and some retirement […]

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Cease and Desist Order

An official order handed down by a government agency or court directing a person or entity to stop doing something immediately is called a “cease and desist order.” Such an order effectively places an injunction on the person or entity that prohibits the named activity as suspicious or illegal. Cease and desist orders may also be issued to force a […]

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