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Category: Legal terms

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Ownership

Legal definition and basis of ownership Possession is a central legal institution that describes the actual control of a person over an object. In the ...

loeschkonzept

Acceptance

Basic legal definition Acceptance is a central legal act in civil and contract law that describes the receipt of a service by the creditor of ...

Vindication

Vindication

Definition and legal basis: Vindication, also known as a claim for restitution, is a central legal institution of property law. It refers to the claim ...

Offsetting

Offsetting

Definition and legal basis: Offsetting is a legal institution under the law of obligations by which two mutual claims are extinguished insofar as they coincide. ...

Limitation

Limitation

Definition and legal basis: The statute of limitations is a legal institution that limits the period within which a claim can be enforced in court. ...

Challenge

Challenge

Definition and legal basis: Rescission is a legal institution under German civil law that enables a party to retroactively rescind a declaration of intent. It ...

Debtor default

Debtor default

Definition and legal basis: Debtor default, also known simply as default, is a situation in debt law in which the debtor does not provide a ...

Transfer of risk

Transfer of risk

Definition and legal basis: The transfer of risk refers to the point in time at which the risk of accidental loss or accidental deterioration of ...

Dissent

Dissent

Definition and legal basis: In German contract law, dissent refers to the lack of agreement between the contracting parties. It exists if the parties only ...

Third-party action

Third-party action

Definition and legal basis: The third-party action, also known as an intervention action, is a legal remedy under German enforcement law. It is regulated in ...

Business basis

Business basis

Definition and legal basis: The basis of the transaction refers to the ideas shared by both contracting parties at the time the contract is concluded ...

Forfeiture

Forfeiture

Definition and legal basis: Forfeiture is a legal institution of German civil law based on the principle of good faith (Section 242 BGB). It results ...

Lis pendens

Lis pendens

Definition and legal basis: Lis pendens refers to the state of a legal dispute that occurs when a lawsuit is filed or an application is ...

Culpa in contrahendo

Culpa in contrahendo

Definition and legal basis: Culpa in contrahendo (c.i.c.) is a legal institution of German civil law that regulates liability for breaches of duty in the ...

Trade Regulation Act (GewO)

Condiction

Introduction Condemnation is a civil law term that refers to the legal right to reclaim something that was obtained without legal cause. This concept is ...

Invitatio ad offerendum

Invitatio ad offerendum

Introduction The term "Invitation ad offerendum" comes from Latin and literally means "invitation to make an offer". In law, this term refers to an invitation ...

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