Have you ever found yourself in a situation where you have to understand legal documentation but feel lost in the intimidating sea of complex legal terms? If so, this guide is for you. From the New York state law experts at Morgan Legal Group, comes this comprehensive guide intended to demystify legal jargon for the everyday person.
Legal Jargon: What Is It and Why Is It Used?
Legal jargon refers to the language or terms used by lawyers and other legal professionals that are not always easily understood by non-lawyers. It is primarily used to be precise and unambiguous. Understanding these legal terms is essential in navigating the world of legal transactions and disputes.
Common Legal Terms and Their Meanings
Affidavit
An affidavit is a written statement that the author, sworn before an officer who is authorized to administer oaths, believes to be true.
Breach of Contract
This term refers to a legal cause of action in which a binding agreement or bargained-for exchange is not honored by one or more of the parties.
Due Diligence
Due diligence is the process of exhaustively researching and verifying the accuracy of a statement in business transactions.
Power of Attorney
A power of attorney is a legal document that gives someone the authority to act on another person’s behalf in legal and financial matters.
Legal Terms In Daily Encounters
Legal terms are not only for courtrooms. They frequently surface in our daily encounters such as dealing with contracts, estate planning, or handling insurance claims. Here’s how they apply:
Lease Agreements
Reading and comprehending your lease agreement before signing can save you from future difficulties. Terms like ”Landlord”, “Tenant”, ”Lease Term” and “Security Deposit” are few to consider.
Insurance Policies
Legal terms in insurance policies can significantly impact your coverage. Understanding words like “Deductible”, “Premium”, “Liability”, and “Claim” can help you get the most out of your policy.
Getting Help in Interpretation
If you’re dealing with a legal issue that involves considerable legal jargon, consider seeking professional help from lawyers. Organizations like Morgan Legal Group in New York City can provide the necessary assistance you need.
In conclusion, while legal jargon may seem confusing initially, understanding it becomes easier with a little patience and explanation. Hopefully, this guide has helped in ‘demystifying’ some of the legal terms you may encounter.
Remember, when in doubt, always seek professional advice. Morgan Legal Group in New York City is always ready to help you understand and navigate the complex world of law. Not only can we explain complicated legal concepts in simple, easy-to-understand language, but we also take pride in making every client feel supported throughout their legal journey.
