GLOSSARY
The world of corporate law can be a minefield for business owners and shareholders alike.

GLOSSARY OF LEGAL TERMS
abatement (rents) reduction in a rent because of deficiencies in a rental unit or building
abatement (wills) diminishment of a gift under a will to satisfy debts of an estate
above-guideline rent increase a rent increase greater than the guideline
absentee person whose rights or interests are being determined in a proceeding and whose whereabouts are unknown
absolute liability liability that is imposed automatically (usually under a statute) when certain conditions are met, without reference to negligence or intent
backsheet part of every court document, it contains the name, LSUC number, address, and telephone and fax numbers of the lawyer who prepared the document, the short title of proceedings, the court and court file number, the fax number of the person to be served (if known), and a large space reserved for court officials to make entries on
bad faith for improper purposes, in order to obtain an unfair advantage
bad-faith bargaining the practice of engaging in bargaining with no intention of making an agreement with the other party
bailee the party who holds or stores goods for another
bailment an agreement between parties that one will store the goods of the other
Cabinet committee of ministers that holds executive power and is responsible for passing legislation; the Cabinet is chaired by the prime minister or the premier of the province, and the members are ministers who have been elected and hold seats in either the House of Commons (federal government) or the legislature (provincial governments)
Canada Industrial Relations Board (CIRB) an administrative tribunal set up to administer the labour relations portion of the Canada Labour Code and some parts of the health and safety part of the Code
Canadian Orientation Abroad (COA) program a one- to five-day program designed to help integrate refugees into Canadian society
candid forthright and sincere, able to look at both sides of an issue without bias
capacity an acceptable ability to observe and then correctly recall observations or experiences, and an acceptable ability to communicate these observations to the trier of fact
damages losses and/or a sum of money awarded by a court as compensation for harm or loss caused by a violation of the law — for example, a breach of contract or an instance of negligence
damages for mental anguish damages that are awarded where the discriminatory conduct was wilful or reckless
date of default the date the cause of action arose
day book record listing recent registrations not yet entered into the abstract book
de facto custody actual custody, or custody in fact
e-commerce commercial transactions using the Internet; sometimes used interchangeably with e-contracts
e-contracts contracts where the entire contracting process takes place on the Internet; sometimes used interchangeably with e-commerce
e-discovery a term used to describe discovery of documents where the discovery procedures primarily involve the collection and production of information that is stored electronically
e-reg electronic registration
earnout financing a type of vendor take-back financing whereby the purchaser of a business will pay the outstanding amount of the purchase price based on the profitability of the business following the sale
factum formal document filed with the court that sets out the facts, statutes, and case authorities that a party relies upon in support of its legal arguments
fair comment a defence against defamation available to individuals and organizations whose mandate is the dissemination of information to the public
fair information principles the ten principles that underlie the Personal Information Protection and Electronic Documents Act for proper collection, use, and disclosure of personal information
fairtraded refers to the prices paid to raw material producers being fair and equitable, to provide enough for a producer to live on without being reduced to penury; the term is used in the coffee industry, where fair-traded coffee beans are purchased by processors at a fair price that will keep the grower above mere subsistence, notwithstanding actual market prices, which might be very low
false imprisonment confinement within a fixed boundary of a person against that person's will