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Patent Document with Official Seal and Ribbon

What is a patent?

A patent is a government-granted property right that lets an inventor exclude others from making, using, selling, or importing an invention for up to 20 years from filing (utility). In exchange, the inventor publicly discloses how the invention works. This article explains patent basics, how patents work, and key types and requirements. A patent is […]
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Intellectual Property Concept with Lightbulb and Copyright Symbol

What is intellectual property?

Intellectual property is a legal term for creations of the mind protected by law, most commonly grouped into 4 types: patents, trademarks, copyrights, and trade secrets. These rights let creators control use, licensing, and enforcement of their inventions, brands, and original works. This article defines IP, explains each category, and outlines basic protections and examples. […]
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House Keys Exchanging Hands with Contract

What is escrow?

Escrow is a financial arrangement where a neutral third party holds funds or property until the contract’s conditions are met. It reduces risk for both sides by ensuring payment and transfer happen only when agreed terms are satisfied. This article explains how escrow works, who’s involved, and common escrow accounts in transactions. Understanding Escrow: A […]
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Property Tax Assessment Document with Calculator

What is a property tax assessment?

A property tax assessment is a local government’s valuation of your property used to calculate your annual tax bill. Assessors estimate an assessed value based on market data, property features, and assessment rules, then apply the local tax rate. This article explains how assessments work, what affects value, and how to review or appeal. Understanding […]
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Mechanic's Lien Documents and Construction Tools

What is a mechanic’s lien?

A mechanic’s lien is a legal claim filed against real property to secure payment for unpaid construction labor or materials. Contractors, subcontractors, and suppliers use it to protect their right to get paid and can potentially force a sale if the debt isn’t resolved. This article explains how mechanic’s liens work, key deadlines, and options […]
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Three People Discussing Property Ownership Documents

What is tenancy in common?

Tenancy in common is a way for two or more people to own the same property with separate, potentially unequal shares, each of which can be sold or inherited. Unlike joint tenancy, it doesn’t include a right of survivorship, so an owner’s share typically passes through their estate. This article explains how tenancy in common […]
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Joint Tenancy Property Ownership Diagram

What is joint tenancy?

Joint tenancy is a form of co-ownership where each owner has an equal share and, upon one owner’s death, their interest automatically passes to the surviving owner(s) through the right of survivorship. It’s commonly used for homes and other assets to avoid probate, but it can also affect inheritance plans and creditor exposure. This article […]
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Warranty Deed Document with House Keys

What is a warranty deed?

A warranty deed is a real estate deed that transfers property and guarantees the seller holds clear title, with legal promises to defend against past and future title claims. It offers the strongest buyer protection among common deeds, unlike quitclaim deeds that provide no title warranties. This article explains how warranty deeds work, the key […]
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Quitclaim Deed Document with Pen and Glasses

What is a quitclaim deed?

A quitclaim deed is a legal document that transfers whatever ownership interest the grantor has in real property—if any—without warranties of title. It’s commonly used for low-risk transfers between family members, spouses after divorce, or to correct title issues, but it offers the buyer little protection. This article explains how quitclaim deeds work, when they’re […]
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Legal Document with "lis Pendens" Text and Gavel

What is a lis pendens?

A lis pendens is a recorded public notice that a lawsuit may affect title to a specific piece of real estate. It alerts buyers and lenders that ownership or lien rights are being contested and can make selling or refinancing difficult until the case is resolved. This article explains what a lis pendens is, when […]
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Gavel and Keys Symbolizing Unlawful Detainer Law

What is unlawful detainer?

Unlawful detainer is a legal eviction lawsuit a landlord files to regain possession of a rental property after a tenant stays past the lease term or violates the lease and doesn’t move out. It typically begins after proper written notice is served and can move quickly through court depending on state deadlines. This article explains […]
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