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Simple English definitions for legal terms

compromissum

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A quick definition of compromissum:

Term: Compromissum

Definition: Compromissum is a Latin term that means a mutual agreement to submit a disagreement to arbitration. In simpler terms, it is an agreement between two parties to let a third party decide on a dispute.

Term: Compte Arrêté

Definition: Compte Arrêté is a French term that means a settled account. It refers to an account that has been written down and acknowledged by the party against whom it is stated to be correct. In simpler terms, it is an agreement between two parties that the account is correct and no further changes need to be made.

A more thorough explanation:

Definition: Compromissum is a legal term that refers to an agreement between two parties to submit a dispute to arbitration. In simpler terms, it means that two parties agree to let a neutral third party make a decision about a disagreement they have.

Example: If two people have a disagreement about a contract, they might agree to a compromissum and let an arbitrator decide who is right. This can be a faster and less expensive way to resolve a dispute than going to court.

Definition: Compte arrêté is a French term that means "settled account." It refers to an account that has been agreed upon by both parties and is considered correct.

Example: If you owe your friend money, you might keep track of what you owe in a notebook. When you pay your friend back, you might both agree that the notebook is correct and that the account is settled. This is an example of a compte arrêté.

compromissory arbitration | compter

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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