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