Unfair Advantage – Law Definition

“Unfair advantage” in a legal or business context refers to a situation where one party gains a significantly advantageous position over others through unethical, illegal, or unjust means. This concept is important in contract law, competition law, and...

What Is Informed Consent?

In legal terms, informed consent is a process where a person voluntarily agrees to a proposed action after being fully informed about its potential risks, benefits, and alternatives. This concept is especially important in healthcare and legal agreements. It requires...

Free Agency – Law Definition

In legal terms, “free agency” refers to an individual’s capacity and freedom to act independently and make decisions without coercion or undue influence. In the context of contract law, it implies that parties are free to enter into agreements...