Latin, meaning In wills the intention of a testator is to be regarded. … [Read more...]

A memo or draft of an agreement of essential terms to a deal. See memorandum of understanding. … [Read more...]

A term used to describe a common court requirement that the parties (usually the attorneys in the case) must meet and agree between themselves different issues with regard to matters that arise during the course of a lawsuit. For example, to meet and discuss the breadth of electronic discovery to be conducted and keywords to be used for culling data into a smaller and more … [Read more...]

In Scotch law. Improvements of an estate, other than mere repairs; betterments. 1 Bell, Comm. 73. Occasionally used in English and American law In the sense of valuable and lasting improvements or betterments. See Green V. Biddle, 8 Wheat. 84, 5 L. Ed. 547. Meliorem conditionem ecclesiae sua facere potest prselatus, deteriorem ne quaquam. Co. Litt 101. A bishop can make the … [Read more...]

A corporate document which sets forth the manner in which the company deals with activities with the world at large. This term is generally used in the United Kingdom and is called the "articles of incorporation" in the United States. The memorandum of association sets forth the objectives of the company, the number of authorized shares of stock, the liability of its members … [Read more...]