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Glossary of terms

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

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