Browsing: Legal and Regulatory Glossary

A Deed Title in Jamaica is an old form of land ownership record, made up of a series of legal…

A Crown Grant is the first legal document by which the Government of Jamaica gave a piece of land to…

A Commissioner of Lands holding means the property is still on the books as Government land, under the legal custody…

Probate Taxes are fees that need to be paid when someone passes away and their belongings, like houses and land,…

A Justice of the Peace (JP) is a legally recognized individual in Jamaica and many other parts of the world…

A Company Limited by Guarantee is a type of business structure that does not issue shares and does not have…

The Friendly Societies Act is a law that sets the rules for creating and running friendly societies, which are groups…

The legal system is a set of rules that help make sure people follow the law and treat each other…

The law of agency is like when someone you trust helps you do something important, and they have to follow…

Real estate law is the set of rules that helps people buy, sell, and use land or buildings fairly and…

The Dual Agency Problem happens when one real estate agent or company works for both the buyer and the seller…

Operationalisation of the law refers to the process of implementing and enforcing legal frameworks to ensure they achieve their intended…

Failure to perform refers to the inability or refusal of one party to fulfill their obligations under a contract, which…

The impossibility of performance refers to a situation in which a contract cannot be fulfilled because an unforeseen event or…

Fraudulent concealment is a legal concept where one party intentionally hides or fails to disclose critical information, causing harm or…