Glossary of terms by letter
I
Implied Terms
Terms and clauses implied in a contract by law or custom and practice without actually being stated in the contract
Incorporate
Inclusion or adoption of some term or condition as part of a contract
Incorporation
The formal creation of a company
Indemnity
This is a promise by a third party to pay a debt owed, or repay a loss caused, by another party
Indenture
A deed or other document binding two or more parties
Indictment
A written statement of charges made against a defendant who is sent for trial to the Crown Court
Indirect Discrimination
This is where the effect of certain requirements, conditions or practices imposed by an employer has an adverse impact disproportionally on a certain group
Individual Voluntary Agreement
This is an arrangement between the debtor and their creditors to repay a percentage of the debt over the life of the IVA
Industrial Disease
A disease or illness developed as a result of working conditions.
Industrial Injuries Disablement Benefit
This is available to any employee who has been disabled as a result of an accident arising out of and in the course of his employment or as a result of an industrial disease due to the nature of that employment
Infant
A person under 18 years of age
Infringement
This refers to an unauthorised use of intellectual property
Inheritance Tax (IHT)
This is a tax imposed on the privilege of receiving property by inheritance or legal succession
Injunction
An order by a Court either preventing or requiring someone to carry out a certain action
Inquisitorial
This system of justice aims to get at the truth without the "conflict" part of the Adversarial system
Insolvency
See Bankruptcy
Inspection of Documents
Arrangements made to allow mutual exchange and copying of documents, following disclosure of documents
Instruction
Job given to a solicitor
Intellectual Property
This refers to a product of creative or intellectual endeavour, including an innovation, design, trading style, artistic work or literary work
Intellectual Property Assets
Business assets derived from intellectual property rights
Intellectual Property Right
A legal right to protect a form of intellectual property - such as a patent right, design right, trade mark right or copyright.
Interim Care Order
This places a child in the care of the local authority on an interim basis whilst the family is assessed and until the court can make a final decision
Interim Hearing
A court hearing which does not reach a final decision
Interim Order
An order during the course of court proceedings which is not the final order