✓ Free · 29 terms · Plain language

Legal terms, decoded.

The confusing words in your lease, contract, or notice — explained in plain language, with real examples of why each one matters.

Disputes

Arbitration Clause

An agreement to settle disputes privately instead of in court.

Real Estate

Assignment & Subletting

Whether you can transfer your lease to someone else.

Contracts

Auto-Renewal Clause

A term that renews the contract automatically unless you cancel.

Disputes

Class-Action Waiver

A term barring you from joining a group lawsuit.

Contracts

Consequential Damages

Indirect losses that flow from a breach — like lost profits.

Debt

Debt Validation

Your right to make a collector prove a debt is really yours.

Disputes

Demand Letter

A formal written request to do something before a lawsuit.

Real Estate

Estoppel Certificate

A signed statement locking in the facts of your lease.

Real Estate

Eviction Notice

A formal warning that begins the process of removing a tenant.

Contracts

Force Majeure

A clause excusing performance after extraordinary events.

Contracts

Hold Harmless Clause

A promise not to hold the other party responsible for losses.

Real Estate

Implied Warranty of Habitability

A landlord’s legal duty to keep a rental livable.

Contracts

Indemnification

A promise to cover someone else’s losses or legal costs.

Employment

IP Assignment Clause

A term giving your employer ownership of what you create.

Disputes

Jurisdiction / Governing Law

Which state’s law applies and where disputes are heard.

Real Estate

Late Fees

Charges for paying rent or a bill after the due date.

Contracts

Limitation of Liability

A ceiling on how much one party can be made to pay.

Contracts

Liquidated Damages

A preset amount owed if someone breaches — agreed in advance.

Employment

Non-Compete Clause

A term restricting where you can work after you leave a job.

Employment

Non-Disclosure Agreement (NDA)

A contract requiring you to keep certain information secret.

Employment

Non-Solicitation Clause

A term barring you from poaching clients or coworkers.

Contracts

Notice Period

How far in advance you must warn before acting.

Contracts

Personal Guarantee

A promise making you personally liable for a debt or lease.

Debt

Promissory Note

A written, enforceable promise to repay money.

Real Estate

Security Deposit

Money held by a landlord to cover damage or unpaid rent.

Employment

Severance Agreement

Pay or benefits offered when you leave, in exchange for rights.

Debt

Statute of Limitations

The time limit for suing on a claim or debt.

Contracts

Termination Clause

The rules for how and when the contract can end.

Debt

Wage Garnishment

A court order directing your employer to withhold pay for a debt.

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