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Glossary of terms

Glossary of terms by letter

H

Heads of Agreement

See Heads of Terms

Heads of Terms

These set out the terms of a commercial transaction which has been agreed in principle

Her Majesty's Land Registry

Government Department that holds information regarding property ownership details

High Court

A Civil Court

Holdover Tenancy

A tenancy which arises because someone remains in possession of a property after the expiration of the previous tenancy

Home Information Pack (HIP)

This is a document containing various details about a property which is to be sold

House of Lords

The highest court in the UK

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

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