by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is Probate? A probate refers to a lawful procedure in which steps are taken to review the validity and authenticity. It is about the management of the will of a person who has recently died. The jury is responsible for appointing an executor mentioned in the will...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Privity of Contract? Privity refers to a contract law doctrine which states that contracts are only binding on the parties named in the contract. Unintended, non-signatory, third-parties can neither enforce the contract nor be sued under it. The parties to the...
by Jason M. Gordon | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Private Sector?The private sector is the aspect of the economy made up by non-governmental individuals or entities. As such, it includes all for-profit businesses that are not government-owned or managed. It is sometimes referred to as the citizen...
by Jason M. Gordon | Feb 23, 2025 | Real Estate, Personal, & Intellectual Property
What is a Plant Patent? A plant patent refers to an intellectual property right which safeguards a new and unique plants major features from being sold, copied, or utilized by others. A plant patent is capable of assisting an inventor lock in higher profits during the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Insolvency? Insolvency refers to a term for when an organization or individual cannot meet its obligation to pay debts as they become due. Under the US Bankruptcy code and the Internal Revenue Code, insolvency is generally when one’s debts exceed their...