property law

infringement (of trademark)

Definition from Nolo’s Plain-English Law DictionaryUnauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services. The success of a lawsuit to stop the infringement turns on whether the...

intangible property

Property without a physical existance.

Some intangible property might have a paper embodiment, (such as stocks, bonds, or certificates) but other intangible property does not (goodwill, intellectual property, reputation). Due to this...

Intellectual property

Overview

In general terms, intellectual property is any product of the human intellect that the law protects from unauthorized use by others. The ownership of intellectual property inherently creates a limited monopoly in the protected property...

intent-to-use application (ITU)

Definition from Nolo’s Plain-English Law DictionaryAn alternative method for seeking federal trademark registration based on the applicant's bona fide intent to use the mark in commerce in the near future. Although an ITU applicant may reserve the mark...

Intestate Succession

If a person dies without a will, the probate court must manage his estate through the applicable state intestate succession statute. The assets of the estate are passed on to the decedent’s heirs. The only people who are heirs are those who are...

inverse condemnation

Definition from Nolo’s Plain-English Law DictionaryThe taking of a portion of property by a government agency which so greatly damages the use of a parcel of real property that it is the equivalent of condemnation of the entire property. Example: the city...

Investment property

Property that is not occupied by the owner, but is generally purchased specifically in order to generate profit through rental income and/or capital gains. Under the Uniform Commercial Code, Article 9, such property is not considered an account.

IP

Definition from Nolo’s Plain-English Law DictionarySee: intellectual property

Definition provided by Nolo’s Plain-English Law Dictionary.

irrevocable trust

A trust in which the terms can not be amended or revised.

Judgment-proof

People are judgment-proof if they lack the resources or insurance to pay a court judgment against them. For example, suppose that a thief steals your car, sells it, and then burns all of his worldly possessions. Even if you sued him and won, you could...

Pages