Simple English definitions for legal terms
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Specialty: A special type of property, like a church or cemetery, that is not easily sold on the market. When the government needs to take this type of property for public use, they determine its value by calculating how much it would cost to build it again, minus any wear and tear. This is called eminent domain.
Definition: Specialty refers to a unique property that is not easily marketable and has a specific value for condemnation purposes. It can also refer to a contract under seal or the doctrine of specialty.
The examples illustrate how specialty can refer to different things in different contexts. In the case of specialty property, it refers to a unique type of property that has a specific value for condemnation purposes. In the case of a contract under seal, it refers to a legally binding and enforceable contract that has a higher level of legal validity. And in the case of the doctrine of specialty, it refers to a legal principle that limits the creditor's ability to enforce a debt.