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Legal Bill Review (LBR) refers to process of reviewing and analyzing legal bills against any billing guidelines, service level agreements, applicable laws and other generally accepted standards. LBR plays a vital role in litigation spend management through the review and analysis of law firm invoices.
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In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. [1] [2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. [3]
Several templates and tools are available to assist in formatting, such as reFill (documentation) and Citation bot (documentation). ( August 2022 ) ( Learn how and when to remove this message ) In law , a reciprocal obligation , also known as a reciprocal agreement is a duty owed by one individual to another and vice versa.
A law review or law journal is a scholarly journal or publication that focuses on legal issues. [1] A law review is a type of legal periodical. [2] Law reviews are a source of research, imbedded with analyzed and referenced legal topics; they also provide a scholarly analysis of emerging legal concepts from various topics.
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor.Debt may be owed by a sovereign state or country, local government, company, or an individual.
New arrivals to the discussion may not like the word "owe" in the formulation of the discussion involving duties of care but it is understood that Tort law is about obligations and one party owes the other a duty of care in certain scenarios where we can say reasonably that such a duty exists and is rightfully owed, lets say, to a customer, to ...
A bill is a proposal for a new law, or a proposal to substantially alter an existing law. [1] A bill does not become law until it has been passed by the legislature and, in most cases, approved by the executive. Bills are introduced in the legislature and are there discussed, debated on, and voted upon. Once a bill has been enacted into law by ...