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Simple English definitions for legal terms
self-help remedy
Read a random definition: Investment Advisors Act
A quick definition of self-help remedy:
A self-help remedy is a way to solve a problem without going to court. It means taking action yourself to fix the problem, like taking back something that was stolen from you. Other remedies involve going to court and asking a judge to help you, like getting money from someone who owes you or making someone stop doing something that is hurting you. Some remedies are temporary, like a restraining order, and some are permanent, like getting the thing you were promised in a contract.
A more thorough explanation:
A self-help remedy is a type of extrajudicial remedy that a person can use to enforce their rights or prevent a wrong without going to court. It is a way for a person to take action on their own to resolve a problem without involving the legal system.
For example, if a landlord wants to evict a tenant who has not paid rent, they may use a self-help remedy by changing the locks on the tenant's apartment. However, this is only legal in certain circumstances and may be considered illegal in other situations.
Self-help remedies can be risky and may result in legal consequences if not done correctly. It is important to understand the laws and regulations surrounding self-help remedies before taking any action.