In legal terms, a claim refers to a demand or assertion made by one party against another in a civil lawsuit or legal proceeding. It typically involves an allegation that the other party has caused harm, injury, or damage and seeks some form of relief or remedy as a result. Claims can arise in various contexts, including contract disputes, personal injury cases, property damage claims, employment disputes, and civil rights violations. To assert a claim, the party making the claim (the plaintiff) must set forth specific facts and legal arguments supporting their allegations and must typically file a formal complaint or legal pleading with a court or administrative agency. The defendant then has the opportunity to respond to the claim and defend against the allegations. Resolving a claim may involve negotiation, mediation, arbitration, or adjudication in a court of law, ultimately leading to a decision or judgment regarding the rights and obligations of the parties involved.
Definitions for Claim are sourced/syndicated and enhanced from:
- A Dictionary of Economics (Oxford Quick Reference)
- Oxford Dictionary Of Accounting
- Oxford Dictionary Of Business & Management
This glossary post was last updated: 8th March, 2024.
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