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  • Now let's take a look at the vocabulary we use to describe the different actions in a commercial case.

  • The first stage in a contractual dispute is often to enter into arbitration.

  • Arbitration is the term we use to describe the process by which the parties to a dispute submit their differences to the judgment of an impartial person appointed with the agreement of both sides or by a regulating authority, such as a professional organization.

  • To be impartial means that you will treat both sides fairly and equally note too strong.

  • Call occasions here enter into arbitration and go to arbitration, meaning to begin the process of arbitrating a dispute.

  • Arbitration can be either binding or non binding.

  • If it is binding arbitration, then the decision of the arbitrator must be followed.

  • Non binding arbitration means the decision cannot be enforced by law but is based on professional respect for the arbitrator's decision.

  • The arbitrator is usually an experienced and respected member of the relevant industry or a lawyer.

  • The accusing company can also file a lawsuit tohave, the dispute heard in a formal court hearing.

  • Ah lawsuit is a claim or complaint against a person or an organization that is made in a court of law by a private person or company to file a lawsuit is a call occassion used to describe the action of suing another party in court.

  • These air a couple of important words.

  • So let's take a closer look at them.

  • Lawsuit can partner with these words to make strong call occasions.

  • We can bring a lawsuit against somebody, defend against a lawsuit or drop a lawsuit.

  • This means that the plaintiff has decided not to pursue the case.

  • To sue means to make a legal claim against someone, especially for an amount of money, because you have been harmed in some way.

  • Su partners with two propositions to sue four and to sue over.

  • Here are a couple of example sentences.

  • The company was sued for damages by the injured worker.

  • YouTube has been sued over its use of copyrighted material.

  • A more formal word with the same meaning as to sue is to litigate, and the process of suing another party can be referred to as litigation.

  • If we decide to sue somebody, then we can say we have entered into litigation.

  • The company that files a lawsuit is called the plaintiff in civil law and the company defending against the lawsuit is called the defendant.

  • The plaintiff will often seek damages from the defending party as compensation for any harm caused by the defendant damages our money that a court orders someone to pay the plaintiff for harming them or their property or causing them financial loss.

  • Due to the high cost of legal action and the complexity of many commercial cases, both parties will often attempt to reach a settlement in order to avoid a lengthy, expensive court case.

  • A settlement is an agreement to resolve a dispute before it is taken to court.

  • We use the Col occasion to settle out of court to describe this action.

  • If the parties do not settle the case out of court than a court hearing organized in a similar fashion to criminal cases will be held.

  • They're each side can state their case, ask witnesses to provide testimony, present evidence and litigate their claims.

  • After the plaintiff and defendant have presented their cases, a jury or judge will decide the verdict.

  • They can choose to dismiss the case if they do not find that the plaintiff has proven their case or they can award damages if they think the plaintiff is right.

  • A judge may also issue an injunction against the defendant.

  • An injunction is a judicial order demanding that the offending party stop infringing the other parties.

  • Legal rights.

  • Should the defendant disagree with the verdict, they might choose to file an appeal.

  • To have the verdict overturned or to reduce the amount of damages they're liable for an appeal is a formal court process by which the losing side asks, Ah, higher court toe overturn or reverse the verdict of the lower court.

  • Well, that about wraps up our Siris on legal vocabulary.

  • We hope you found the podcast informative and useful in your jobs and studies to help illustrate how many of these terms could be used.

  • Our next business news podcast.

  • We'll look at some commercial disputes that have been making the news recently, so we'll see you soon.

  • And don't forget, you can check the website at www dot business English pod dot com to get copies of the transcript For this and other podcasts.

  • Now, practice your new vocabulary on download.

  • A transcript for this video cast at www dot business english pod dot com.

Now let's take a look at the vocabulary we use to describe the different actions in a commercial case.

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B2 中上級

ESLのための上級ビジネス英単語レッスン - 商法、2 (Advanced Business English Vocabulary Lesson for ESL - Commercial Law, 2)

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    林宜悉 に公開 2021 年 01 月 14 日
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