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Legal Definitions - laudum
Definition of laudum
Laudum is a historical legal term that refers to the final decision or judgment made by an arbitrator in a dispute. Essentially, it is the formal award or ruling delivered after an arbitration process, which is a method of resolving disagreements outside of traditional court proceedings. A neutral third party, known as an arbitrator, listens to both sides of a conflict and then issues a binding decision, which was historically called a laudum.
Here are some examples illustrating the concept of a laudum:
Imagine two medieval farmers, Elara and Finn, disputing the exact boundary between their fields. Instead of resorting to a lengthy and costly court battle, they agree to present their arguments to the village elder, known for his wisdom and fairness. After hearing both individuals and examining the land, the elder issues a definitive ruling on where the boundary lies. This ruling, settling their dispute, would have been considered a laudum.
In a bustling port city centuries ago, a merchant named Seraphina accused another, Theron, of failing to deliver a promised shipment of rare silks. To avoid disrupting their trade relations and the expense of a formal trial, they sought the judgment of a respected guild master. The guild master reviewed their contracts and testimonies, then declared a specific compensation Theron owed Seraphina. This binding declaration by the guild master was a laudum.
Consider a historical scenario where two noble families had a long-standing disagreement over fishing rights in a particular river. To prevent open conflict, they submitted their claims to a powerful local baron, who was seen as an impartial authority. After carefully considering historical documents and local customs, the baron issued a decree outlining the specific sections of the river and times each family was permitted to fish. This authoritative decree, resolving their dispute, would have been known as a laudum.
Simple Definition
Laudum is a historical legal term referring to an arbitrament. It signifies a decision or judgment made by an arbitrator, a neutral third party, to resolve a dispute between parties.