Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

equivalence of advantages

Read a random definition: ARS

A quick definition of equivalence of advantages:

Equivalence of advantages means that two parties agree to give each other the same benefits or privileges. For example, if one country allows citizens of another country to study at their universities for a lower cost, the other country may reciprocate by offering the same benefit to the first country's citizens. This is called reciprocity. It can also apply to intellectual property rights, where one country recognizes the rights of a foreign national only if that same recognition is given to their own citizens in the foreign country. Reciprocity encourages countries to change their laws and benefits both parties involved.

A more thorough explanation:

Equivalence of advantages refers to the mutual concession of benefits or privileges between two parties for the purpose of commercial or diplomatic relations. It is also known as reciprocity or mutuality of benefits.

  • When two countries agree to lower tariffs on each other's goods, they are practicing equivalence of advantages.
  • If a company offers its employees a certain benefit, such as a gym membership, and in return, the employees agree to work longer hours, this is an example of reciprocity.
  • In the field of intellectual property, reciprocity means that a country will only recognize a foreign national's intellectual property rights if that same country would recognize those rights for its own citizens.

These examples illustrate how equivalence of advantages works in different contexts. In each case, both parties are giving up something in order to gain something else. This creates a mutually beneficial relationship where both parties are able to achieve their goals.

equity to a settlement | equivalents doctrine

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
LSD+ is ad-free, with DMs, discounts, case briefs & more.