Summary of Repossession Laws A fundamental concept in consumer credit, traditional repossession refers to the legal process wherein a creditor reclaims a physical asset due to default or breach of an obligation by the individual who purchased or financed the asset. State and federal laws in...

An Overview of Contract Performance Management Contract performance management is a critical component of the contracting process. It is essential for fulfilling the terms of the contract and for maximizing the value of the contract for the business. The objective of contract performance management is to...

What is a Breach Clause? A breach provision is a standard feature in all business contracts, and it is the legal equivalent of a "Plan B" to prepare the parties in the event of a failure to perform under the contract. When a party fails to...

What Are Court Fines? Court fines are financial penalties imposed by a judge as part of a sentence in a criminal case. They are commonly assessed in addition to other sentences, such as incarceration or restitution for victims. Courts typically have discretion to determine the amount...

What is the National Apartment Association The National Apartment Association (NAA) is a national organization encompassing more than 160 state and local affiliates that collectively represent approximately 9.5 million apartment homes throughout the United States. NAA, which was founded in 1917, serves as the leading voice...

Demystifying the Legal Binder Legal binders are a vital tool for legal professionals, helping to organize important documents, evidence, and information that are crucial to the case at hand. These binders are used to compile, organize, and store documents related to a client or an issue....

What Is Family Law Mediation? Family law mediation is a means by which parties can resolve disputes that are commonly brought before the family law courts. Family law courts, in very general terms, are limited to ordering certain outcomes based on the law. For example, in...