Non-Litigious Transaction
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A Non-Litigious Transaction is a legal transaction that occurs outside of litigation.
- Context:
- It can involve the drafting, negotiation, and execution of contracts such as service agreements, sales contracts, and employment agreements.
- It can occur in areas like real estate transactions, mergers and acquisitions, and intellectual property licensing.
- It can aim to prevent disputes by establishing clear terms and conditions agreeable to all parties.
- It can rely on due diligence and risk assessment to ensure compliance and minimize future legal challenges.
- It can support business transactions, such as partnership agreements or vendor agreements.
- It can occur across a range of industries, including technology, healthcare, finance, and real estate.
- It can be managed by transactional legal professionals, such as corporate lawyers or real estate lawyers.
- …
- Example(s):
- Drafting and executing a shareholder agreement during the establishment of a new company.
- Negotiating a licensing agreement for intellectual property rights.
- Facilitating the sale of commercial property through a real estate transaction.
- Structuring a partnership agreement for a joint venture.
- Drafting employment contracts for a company hiring new employees.
- …
- Counter-Example(s):
- A litigious transaction involving disputes that require court intervention or arbitration.
- A criminal proceeding addressing violations of criminal law rather than transactional matters.
- A personal injury claim resolving disputes over harm or injury.
- See: Transactional Law, Contract Law, Business Transactions, Corporate Governance, Transactional Legal Professional, Real Estate Law.