Glossary of terms by letter
L
Lien
A legal right to withhold goods or property until payment is made by a debtor
Limitation Clause
This sets a maximum on the amount of damages a party may have to pay if there is a failure of some part of the contract
Limited Liability
This generally refers to limited companies where the owners' liability to pay the debts of the company is limited to the value of their shares
Limited Liability Patnership
A Limited Liability Partnership (LLP) is a recognised legal entity by virtue of the Limited Liability Partnerships Act 2000, which has some features of a limited company and some of a partnership
Liquidation
This refers to the process by which a company (or part of a company) is brought to an end
Litigation
Legal proceedings
Living Will
This is a document setting out in advance what types of medical treatment the maker of the will does or does not wish to receive in specific circumstances should he or she be incapable of giving or refusing consent
Local Authority Search
An enquiry carried out to determine if there are any potential circumstances that could affect property
Lodging
The process of delivering documents to a court
Lord Chancellor
The cabinet minister who acts as speaker of the House of Lords and oversees the hearings of the Law Lords
Lord Chief Justice
Senior judge of the Court of Appeal (Criminal Division) who also heads the Queens Bench Division of the High Court of Justice)
Lord Justice of Appeal
Title given to certain judges sitting in the Court of Appeal
Loss of Use
This is where a property cannot be used in the normal way for some reason
Lump sum order
Order for the payment of a capital sum from one party to another
M
Madrid Protocol
The system which offers a trademark owner the possibility to have his trademark protected in several countries by simply filing one application directly with his own national or regional trademark office
Magistrate
A civil officer with the power to administer and enforce law in a Magistrates Court
Magistrates Court
A Court where criminal proceedings are conducted before Justices of the Peace - who either deal with the case themselves or commit to the Crown Court
Maintenance
A sum of money paid by one party to support the other party
Maintenance pending suit
A maintenance order for a sum of money made before the final order in proceeding
Master of the Rolls
Senior judge of the Civil Division of the Court of Appeal
Mediation
The process through which separating couples seek to reach an agreement
Memoranda of Understanding
See Heads of Terms
Memorandum of Association
A document which is required to incorporate a UK company
Mens Rea
The intention to commit a crime