Nipissing Land Use & Zoning Lawyer, Ontario, page 2

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Jonathan Kleiman
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1. Jonathan Kleiman Toronto, ON
  Attorney at Law, ON
  Queen's University, J.D. 2009
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Daniel Kenneth Baker

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75 Main Street South, Callander, ON P0H 1H0

Lisa Ann Banerjee

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Joseph Francis Horrigan

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Pierre Legault

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Status: Licensed: 50 Years

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Peter Alan Athersych

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Frank Michael Falconi

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Peter William Rutland

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437 Main St W, North Bay, ON P1B 2V3

Sandro Lucio Orlando

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373 Main St W, North Bay, ON P1B 2T9

Robert Samuel Lucenti

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373 Main St W, North Bay, ON P1B 2T9

Mark Chipman Lucenti

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373 Main St W, North Bay, ON P1B 2T9

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LEGAL TERMS

BASIS

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.

SERVIENT TENEMENT

Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would ... (more...)

Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would be a servient tenement.

NONCOMPETITION AGREEMENT

An agreement, generally included in an employment contract or a contract for the sale of a business, where one party agrees not to compete with the other party ... (more...)

An agreement, generally included in an employment contract or a contract for the sale of a business, where one party agrees not to compete with the other party for a specific period of time and within a particular area. Salespeople, for example, often sign noncompetition agreements that prevent them from using the contacts gained by one employer to benefit another employer. Or a salesperson may sign what is known as a 'noncompete,' agreeing not to sell within a particular area, or even work in the same type of business. In some states, such as California, courts view noncompetition agreements with disfavor and will not enforce them unless the restrictions are very narrow. In other states, courts routinely uphold them.

GOODS & CHATTELS

See personal property.

HOUSE CLOSING

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has b... (more...)

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has been recorded.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

NULLA BONA

Latin for 'no goods.' This is what the sheriff writes when she can find no property to seize in order to pay off a court judgment.

EXPRESS WARRANTY

A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most expres... (more...)

A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most express warranties come directly from the manufacturer or are included in the sales contract. If you want to hold the seller to an oral guarantee, it's best to get it in writing or have witnesses to the guarantee so that it doesn't come down to your word against the seller's if a problem arises.

Nipissing Land Use & Zoning Lawyer, Ontario, page 2

Sponsored Law Firm

Law Offices of Jonathan Kleiman

SPONSORED LAWYERS

Daniel Kenneth Baker

Lisa Ann Banerjee

Joseph Francis Horrigan

Pierre Legault

Peter Alan Athersych

Frank Michael Falconi

Peter William Rutland

Sandro Lucio Orlando

Robert Samuel Lucenti

Mark Chipman Lucenti

TIPS

LEGAL TERMS

BASIS

SERVIENT TENEMENT

NONCOMPETITION AGREEMENT

GOODS & CHATTELS

HOUSE CLOSING

INCIDENTS OF OWNERSHIP

BEQUEST

NULLA BONA

EXPRESS WARRANTY

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