This name has been given to the right which authors have in their works. This is secured to them by copyright. … [Read more...]
LITIS DOMINIUM
Latin: In the civil law. Ownership, control, or direction of a suit A fiction of law by which the employment of an attorney or proctor (procurator) in a suit was authorized or justified, he being supposed to become, by the appointment of his principal (dominus) or client, the donv inus litis. Heinecc. Elem. lib. 4, tit 10, {$ 1246, 1247. Litis nomen omnem actionem signif icat, … [Read more...]
LITERARY WORKS
Works of authorship under copyright law which are expressed verbally or numerically such as a novel, computer source code. … [Read more...]
LITISPENDENCE
An obsolete term for the time during which a lawsuit is going on. The part of an action being depending and undetermined; the time during which an action is pending. See Lis pendens. … [Read more...]
LIQUID ASSETS
Property that can be quickly and easily converted into cash such as bonds and assets in a bank that is convertible into cash. … [Read more...]