Examlex
A tilt release lever compresses the spring to release tension on the ratchet when steering wheel position adjustment is desired.
Assignment Effective
The point in time when a contractual assignment of rights or interests from one party to another becomes valid and enforceable.
Obligor
A person or entity legally obligated to provide a payment or service to another under the terms of a contract.
English Rule
A legal principle requiring the losing party in a lawsuit to pay the winner's attorney fees and court costs.
First-Assignment-In-Time Rule
A legal principle that prioritizes the rights of the party that first received a property transfer or assignment over those of subsequent recipients.
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