Takes Price
The amount that a seller needs to raise for a buyer; or the price that needs to be lowered for the seller so the counter party will accept the offer.
Taking the fifth
refusing to answer a question on the grounds of self-incrimination. See the fifth amendment.
Target Witness
A Target Witness is a witness who is sought out as they have important information to the trial.
Tax avoidance
Reducing tax bills by using legal means.
Tax evasion
Breaking the law to reduce tax bills, such as by concealing income.
Taxation of Costs
Taxation of Costs is an examination of a solicitor’s bill in civil proceedings by a Court to ensure that all charges against the legal aid fund are fair and reason. See Summary Assessment and Detailed Assessment.
Taxing Authority
A Taxing Authority is a body which assesses costs.
Technology and Construction Court
The Technology and Construction Court is a specialist court which deals with disputes in the construction industry. It is part of the Queen’s Bench Division of the High Court.
Telephone Hearing
A Telephone Hearing is a hearing which can be conducted by telephone and includes: – all allocation hearings – listing hearings – case management hearings – interim applications They are under an hour. Any other application, requires the consent of all the parties and the agreement of the court.
Tenancy Deposit Protection Schemes
A landlord must place a tenant’s deposit in a Tenancy Deposit Protection Scheme (TDP) if the property is rented out on an assured shorthold tenancy that started after 6 April 2007. The schemes in England and Wales are: – Deposit Protection Service – MyDeposits – Tenancy Deposit Scheme