chapter 8
Order by
18 terms
Terms | Definitions |
|---|---|
 arbitration | a method of conflict resolution that uses a neutral third party to make a binding decision |
| civil law | a complete set of rules enacted as a single written system or code |
| common law | a legal system that relies on the accumulation of decisions made in prior cases |
| contract | a legally enforceable agreement between two or more persons either to do or not to do a certain thing or things |
| copyright | a legal right that protects the original works of authors, music composers, playwrights, artists, and publishers |
| intellectual property | the technical knowledge or creative work that an individual or company has developed |
| International Court of Justice | a court that settles disputes between nations when both nations request that it do so and also advises the United Nations on matters of international law |
| liability | a broad legal term referring to almost every kind of responsibility, duty, or obligation |
| litigation | a lawsuit brought about to enforce the rights of a person or an organization or to seek a remedy to the violation of their rights |
| mediation | a dispute resolution method that makes use of a neutral third party |
| negligence | the failure of a responsible party to follow standards of due care |
| patent | the grant of an exclusive right of an inventor to make, sell, and use a product or process |
| product liability | specific responsibility that both manufacturers and sellers have for the safety of their products |
| property | everything that can be owned |
| property rights | exclusive rights to possess and use property and its profits, to exclude everyone else from interfering with it, and to dispose of it in any legal way |
| statutes | laws that have been enacted by a body of lawmakers |
| strict liability | responsibility on a manufacturer or seller for intentionally causing injury to another |
| trademark | a distinctive name, symbol, word, picture, or combination of these that is used by a business to identify its services or products |
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