THe legal glossary
General Legal Terms
Arbitration: A private dispute resolution process outside of court.
Breach of Contract: Failure to meet the terms of a legal agreement.
Indemnification: Protection against legal responsibility for damages or losses.
Jurisdiction: The legal authority of a court to hear a case.
Liability: Legal responsibility for one’s actions or omissions.
Litigation: The process of taking legal action through the courts.
Technology Law Terms
Artificial Intelligence (AI) Ethics: Principles guiding the ethical use and development of AI systems.
Clickwrap Agreement: A digital agreement requiring users to click "I agree" before proceeding.
Cybersecurity Law: Laws governing data protection and digital security measures.
Digital Millennium Copyright Act (DMCA): U.S. law addressing copyright in the digital age, including takedown notices.
Electronic Discovery (eDiscovery): The process of collecting and analyzing digital data for legal cases.
Intellectual Property (IP): Legal rights protecting creations like software, patents, and trademarks.
SaaS-Specific Terms
End-User License Agreement (EULA): A contract defining terms for software use by the end user.
Service Level Agreement (SLA): A document specifying performance and uptime standards for SaaS products.
Data Ownership: Specifies who owns the data stored or processed in a SaaS system.
Subscription Model: A payment structure for ongoing access to SaaS services.
Vendor Lock-In: A situation where a customer is dependent on one SaaS provider due to compatibility issues.
Data Privacy and Compliance
General Data Protection Regulation (GDPR): EU law regulating data privacy and protection.
California Consumer Privacy Act (CCPA): U.S. law giving California residents control over their personal data.
Health Insurance Portability and Accountability Act (HIPAA): U.S. law protecting medical information privacy.
Data Breach: An incident exposing confidential data to unauthorized individuals.
Privacy Policy: A document outlining how an organization collects, uses, and protects user data.
Emerging Technology Terms
Blockchain: A decentralized digital ledger used for secure transactions.
Smart Contracts: Self-executing contracts with terms written in code.
Tokenization: Converting rights to an asset into a digital token on a blockchain.
Quantum Computing: Advanced computing technology with significant implications for data security and encryption.
Cybersecurity and Digital Law
Encryption: Securing data by converting it into an unreadable format without a key.
Phishing: Fraudulent attempts to obtain sensitive information through deceptive emails or messages.
Ransomware: Malicious software that encrypts data until a ransom is paid.
Two-Factor Authentication (2FA): A security measure requiring two forms of identity verification.
Cyber Liability Insurance: Insurance to cover losses from data breaches or cyberattacks.
Corporate and Regulatory Terms
Antitrust Laws: Laws preventing monopolistic practices and promoting competition.
Compliance: Adhering to legal, regulatory, or organizational standards.
Terms of Service (TOS): Rules and conditions for using a company’s services.
Non-Disclosure Agreement (NDA): A contract to protect sensitive information from being shared.
Patent Troll: A company that enforces patent rights aggressively without intending to produce the patented product.
Ethics and Governance
Bias in AI: Systematic errors in AI systems causing unfair outcomes.
Digital Sovereignty: The concept that data is subject to the laws of the country where it resides.
Responsible AI: Ensuring AI is developed and used in a way that is ethical and beneficial.