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Glossary of terms

Glossary of terms by letter

M

Mental Incapacity

The state of being deemed not able to make decisions

Merger

This is a combination of two companies to form a new company

Mesne Profits

Sum of money claimed by the owner of property against someone not legally entitled to be in possession

Mining Search

A search undertaken to check whether a property has been affected by any coal mining activities

Minor

Someone below 18 years of age

Misrepresentation

This is where one party to a contract makes a false statement of fact to the other party which is relied upon

MIT License

This is a free software license originating at the Massachusetts Institute of Technology (MIT)

Mitigation

Reasons submitted in proceedings on behalf of the defendant in order to minimise the sentence

Monopoly Right

This refers to an Intellectual Property Right

Mortgagee

The person to whom the mortgage is made.

Mortgagor

The person who makes the mortgage

Motion

An application by one party to the High Court for an order in their favour

N

Named User Licence

This type of licence requires every individual who is going to use the software to be granted a licence

Next Friend

A person representing a minor or person deemed to lack mental capacity, who is involved in legal proceedings

Next of Kin

This term is used to describe a person's closest living relatives

Nil Rate Band

The amount of Inhertitance Tax for which you are not taxed

Nominal Maintenance

A maintenance order which consists of a very small amount that it is not anticipated will be paid (simply to retain keep maintenance rights)

Non Molestation Order

An order within an injunction to prevent one person physically attacking another

Non-Executive Director

A director who does not participate in the day-to-day management of the firm

Notary Public

Someone who is authorised to swear oaths and certify the execution of deeds

Notice

Advance notification by either party that a contract is about to expire

Notice of application

The document by which proceedings are brought to a Court

Notice of Issue

Notice sent by a Court to a claimant which gives notification of the case number allocated to their action and any details of fees paid

Notice to Quit

Gives prior notice, when served in possession proceedings, of termination of a tenancy

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