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Simple English definitions for legal terms

Proprietary interest

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A quick definition of Proprietary interest:

A proprietary interest is a type of ownership right that a person has over something they own. This can include things like owning shares in a company, owning a farm and its crops, or owning a store and its inventory. Essentially, it means that the person has the right to control and make decisions about that property.

A more thorough explanation:

A proprietary interest is a type of property right that is held by an owner along with all the related rights. This means that the owner has a legal claim to something and can control how it is used or disposed of. Examples of proprietary interests include:

A shareholder in a corporation
A farmer in a crop
A storekeeper in store inventory

For instance, a shareholder in a corporation has a proprietary interest in the company. This means that they own a portion of the company and have a say in how it is run. Similarly, a farmer has a proprietary interest in their crop, which means that they have the right to harvest and sell it. A storekeeper has a proprietary interest in their inventory, which means that they can decide how to price and sell their products.

Overall, a proprietary interest is an important legal concept that allows individuals and businesses to own and control property.

Proprietary | Proprietary lease

General

General chat about the legal profession.

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syddak

12:27

Did someone say chicago big law friends? I am in

badhorrormovie

12:28

hello chi big law friend

badhorrormovie

12:29

i work midsize law rn in chi

ParallelAgreeableOrangutan

12:50

@MisterSaint: WashU called me with my A six days post-interview (interviewed last Tues). I think timelines are a bit extended rn since it's crunch time in admissions offices

TenFiftyILuvUGang

12:59

bands a make her dance

TenFiftyILuvUGang

12:59

bands a make her dance

Mostlylegal

13:03

ovi

Bobcat4life

13:09

Will law schools accept applicants with 3.4-3.6 gaps ima. freshman in college and I want to know what to prioritize in college

Bobcat4life

13:10

is it more LSAT or grades, I haven't gotten a c but will one C ruin my chances of going?

Bobcat4life

13:10

Trying to get in UC Law School after undergrad

FroggyBrightToucan

13:11

@UnevenInstinctiveSeal: Don't give up yet, they are still doing interviews (I have mine tomorrow)

UnevenInstinctiveSeal

13:15

Thanks! But considering my interview was over 3 months ago and I applied 5 months ago, it's hard to be hopeful. I'm expecting a WL/R I just don't know why I keep missing those waves.

[] c0bra1

13:21

@Bobcat4life: i have a gpa in that range with 1 C because of certain circumstances but i would recommend getting it up as much as possible

[] c0bra1

13:21

i had a lot of medical issues one year and explained that

Bobcat4life

13:25

How lenient would Law Schools be with medical issues like ADHD?

eggan

13:26

cornell WL -> R :(

Bobcat4life

13:26

I performed mediocre first semester im looking at 3 As and maybe a b and a B+ this semester

Bobcat4life

13:27

Do your minors reflect well on Law School applications anyone?

Bobcat4life

13:27

and certificates?

TenFiftyILuvUGang

13:28

little to no effect

syddak

13:29

Hey bobcat, take a deep breath. There isn't any reason to stress yourself out if you have three more years of school left. Try your best to get good grades, study hard for the LSAT and that is 90% of the game. during your next few years get close with a couple professors who can write you a LOR and if possible, do some sort of publishing whether that be a senior thesis or for some research. But there is no reason to stress so much right now.

[] c0bra1

13:32

trying to do your best or even a little less than your best is the way to go. sometimes you will work really hard and exhaust yourself trying to get a good result. 3 years is a long while!

pinkandblue

13:35

poor bobcat

syddak

13:36

fr fr, I am worried they might have a heart attack over their keyboard

Mostlylegal

13:40

Prioritize your gpa.

VolatileJumpyOwl

13:46

but also, dont forget to have fun

[] c0bra1

13:56

or do something youre interested in lol

MrThickRopes

14:03

WAVES TD?

Mostlylegal

14:08

SO MANY WAVES TODAY

Mostlylegal

14:08

jk prob tmrew

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