Law dictionary
Terms of art, defined, with the authority each rests on. A term means what the system you are in says it means — so every entry names its jurisdiction, or says plainly that it has none.
4 entries
Fiduciary duty
A duty owed by someone who has undertaken to act for or on behalf of another in circumstances giving rise to a relationship of trust and confidence. Its distinguishing obligation is loyalty: the fiduciary must …
Force majeure
A contractual clause excusing a party from performance on the occurrence of events beyond their reasonable control. In civil law systems it may also operate as a general principle; in common law systems it exis…
Forum non conveniensforum non conveniens
A discretion to stay proceedings where another available forum is clearly more appropriate for the trial of the action in the interests of all parties and the ends of justice.
Frustration
A contract is discharged where, without fault of either party, an event renders performance radically different from what was undertaken. It does not apply merely because performance has become more expensive o…