Terms starting with P
Patent invalidity is a legal concept that challenges the validity or enforceability of an issued patent. The definition of patent invalidity encompasses various grounds on which a patent can be...
Pre-litigation advisory refers to the guidance and strategies provided by legal professionals to individuals or organizations before formal legal proceedings are initiated. This term may refer to the process of...
Professional Misconduct refers to inappropriate or unethical behavior by a professional in their conduct of their duties or in their business operations. The definition of professional misconduct can vary by...
Prior Acts Coverage, in the realm of insurance, holds a critical definition that serves to protect an insured party against claims made for incidents that occurred before the policy's effective...
Performance Warranty is a promise or guarantee made by an insured party to an insurer, stating that certain conditions, actions, or protocols will be adhered to. These warranties are often...
Patent infringement is a serious legal issue that occurs when someone makes, uses, sells, offers to sell, or imports a patented invention without permission from the patent holder. The definition...
Professional Negligence, in its essence, refers to the failure of a professional individual to perform their duties to the standard required by their profession, resulting in harm or loss to...
Pharmaceutical IP, or pharmaceutical intellectual property, refers to the legal rights granted to individuals or organizations over their innovations and creations in the field of pharmaceuticals. This term may refer...
Policy Endorsement refers to an amendment or addition to an existing insurance contract which changes the terms or scope of the original policy. An endorsement may add, remove, or alter...
A product liability claim is a legal action brought against a manufacturer, distributor, or seller of a product for injuries or damages caused by that product. The definition of a...
Productivity Suites refer to a collection of software applications bundled together to provide users with a comprehensive set of tools for document creation, data analysis, communication, and project management, among...
Products and Completed Operations may refer to two different types of insurance coverage. Products coverage, or products-completed operations coverage, is a form of commercial liability insurance that protects a business...
Policy Limits refer to the maximum amount an insurance company will pay under a policy for a covered loss. The definition of Policy Limits sets the financial cap on the...
A Privately Held Corporation is a type of business entity that is owned by private individuals or groups of private individuals, rather than by the government or the public at...
Privacy Liability refers to the legal responsibility and potential financial repercussions an organization faces when it fails to protect sensitive personal information from unauthorized access, use, or disclosure. This concept...
Property Damage is a broad term that may refer to any physical damage that has been done to a person's property, whether it be tangible or intangible. Property damage can...
Personal Injury may refer to an injury that is inflicted on an individual’s body, mind or emotions, as opposed to an injury that is inflicted on property. Personal Injury is...
The term Principles of Indemnity may refer to the underlying principles of insurance contracts that seek to restore an insured individual or company to the same financial position they were...
The Principle of Indemnification is the legal concept that is used to determine the amount of compensation that an insured party may receive from an insurance provider when they suffer...
Premium, in the context of insurance, refers to the amount of money that an individual or a business must pay for an insurance policy. The definition of 'premium' in insurance...
A Package Policy in the insurance industry is a comprehensive insurance solution that combines multiple types of coverage into a single policy. The definition of a Package Policy typically refers...
The term "Period of the Policy" in insurance is a fundamental concept that defines the duration for which an insurance policy provides coverage. The definition of 'Period of the Policy'...