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LSDefine

Simple English definitions for legal terms

at arm's length

Read a random definition: licentia surgendi

A quick definition of at arm's length:

Term: At Arm's Length

Definition: When two people or groups are not close or related, they may do business or make deals with each other. This is called an "arm's-length" transaction. It means that both parties have equal power and are not in a confidential relationship. They are not working together as friends or family, but as separate entities. This type of transaction does not create any special duties between the parties.

A more thorough explanation:

Definition: At arm's length refers to dealings between two parties who are not related or not on close terms and who are presumed to have roughly equal bargaining power. It means that the parties involved in the transaction are not in a confidential relationship and are dealing with each other as strangers.

Example: A company that is owned by a father and son may not be considered an arm's-length transaction because the parties involved are related and may not have equal bargaining power. However, if the same company is sold to an unrelated third party, the transaction would be considered an arm's-length transaction.

Explanation: The example illustrates that an arm's-length transaction involves parties who are not related and do not have a close relationship. In an arm's-length transaction, the parties are presumed to have equal bargaining power, which means that they can negotiate the terms of the transaction without any undue influence or pressure from the other party. This ensures that the transaction is fair and equitable for both parties.

asylee | atavunculus

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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