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Simple English definitions for legal terms
informal disposition
Read a random definition: reasonable-development covenant
A quick definition of informal disposition:
Informal Disposition: When someone gives something to someone else without using a legal document like a will or deed, it's called an informal disposition. It's like when you give a toy to your friend to borrow without writing it down. It's not official, but it's still an agreement between you and your friend.
A more thorough explanation:
Definition: Informal disposition refers to a final settlement or determination that is made without going through the formal legal process. It is a way of resolving a legal matter outside of court.
Example: Let's say two neighbors have a dispute over a property line. Instead of going to court, they decide to have a mediator help them come to an agreement. The mediator helps them reach a resolution that both parties are satisfied with. This is an example of an informal disposition.
Another example could be a landlord and tenant who have a disagreement over a security deposit. Instead of going to court, they agree to meet and discuss the issue. They come to an agreement and sign a document outlining the terms of the agreement. This is also an example of an informal disposition.
These examples illustrate how informal disposition can be a quicker and less expensive way of resolving legal disputes. It allows parties to come to an agreement without the need for a formal court process.