Say It! Do It!
Introduction Intellectual property helps companies become competitive. It gives commercial entities monopoly rights over their patents or trademarks. We have already explained intangible properties and stated that such properties include copyrights and patent rights – which are part of intellectual properties. Let…
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Tort or crime Tort means “wrong” derived from the French word tort. We can simply define tort as any private wrong, harm or injury to another person for which there is a remedy, in form of damages, in law. Crime. In criminal…
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Consideration A valuable consideration, in the sense of the law, may consist either in some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss of responsibility given, suffered or undertaken by the other. The definition of…
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Termination or Discharge of a Contract When the parties fulfill their obligations to each other’s satisfaction, the contract is said to have been discharged by performance. This is usually the desired situation. However, due sometimes to unforeseen circumstances, all contracts to do…
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Property Oxford dictionary (online) defines property as “a thing or things belonging to someone”. But is this enough to address our question of “What is property?”. variously, the word property has been used to refer to an object (such as a building);…
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Intention to Create Legal Relations For an agreement to be legally enforceable, it must be entered into with the intention of creating a legal relationship Social or domestic arrangements: There are several social arrangements that do not constitute a contract because they…
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Privity of Contract Tweddle v Atkinson [1861] It is now established that no stranger to the consideration can take advantage of a contract, although made for his benefit. In Dunlop Pneumatic Tyre Co. Ltd v Selfridge D Co Ltd [1915], Lord Haldane…
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Insurance Insurance is about shifting a risk of loss from one party to another. The purpose of insurance contracts, therefore, is to allow one party to shift this risk of loss to which they would ordinarily have to bearto another party. Under…
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