Legal and Compliance
Adverse Media
Negative news or public reporting about a person or company used as a compliance or reputational risk signal.
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Legal and Compliance Terms
Plain-language legal and compliance definitions for KYC, AML, terms, arbitration, and consumer-facing policy risk.
Educational information only. ShouldEye does not provide legal, banking, or individualized financial advice. Dispute rights, deadlines, and outcomes depend on your payment method, card network, issuer, processor, jurisdiction, and the facts of your case. Legal Disclaimers
46 published definitions in this topic.
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Age Gate
A control that asks users to confirm age before accessing restricted content or purchases.
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Arbitration Clause
An arbitration clause requires disputes to be resolved in private arbitration rather than in court, often limiting class actions.
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Breach Notification Duty
Breach notification duty is a legal or policy requirement to tell affected people and regulators after certain personal-data incidents.
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Browsewrap Agreement
Terms claimed to bind users merely by using a site, often weaker than explicit clickwrap consent.
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CCPA
CCPA is California’s Consumer Privacy Act, a U.S. state privacy law giving residents rights over certain personal information businesses collect.
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Choice of Law
Choice of law is a contract clause selecting which jurisdiction’s laws govern disputes.
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Class Action
A lawsuit brought by representatives on behalf of a larger group of people with similar claims.
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Class Action Waiver
A contract term that prevents customers from joining or bringing class-action lawsuits.
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Clickwrap Agreement
A contract formed when a user clicks “I agree,” often binding if notice is reasonably conspicuous.
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Compliance
Compliance is an organization’s practice of meeting applicable laws, regulations, and internal policy obligations.
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Consent Order
A negotiated regulatory or court order that a party agrees to follow, often including remedies and restrictions.
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Consumer Law
Statutes and regulations that protect buyers against unfair, deceptive, or abusive commercial practices.
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Consumer Notice
A consumer notice is required or expected information given to people about rights, risks, fees, or privacy practices.
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Consumer Protection Law
Statutes and rules that prohibit unfair, deceptive, or abusive business practices toward buyers.
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Controller vs Processor
Controller vs processor distinguishes who decides why personal data is processed from who processes it on documented instructions.
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Data Processing Agreement
A contract between a controller and processor defining how personal data may be handled.
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Disclaimer
A disclaimer is a statement that limits responsibility or clarifies the boundaries of information, advice, or guarantees.
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Duty to Disclose
A duty to disclose is a legal or regulatory obligation to provide certain material information to consumers or counterparties.
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Enforcement Action
An enforcement action is a regulator’s formal step—fine, order, or lawsuit—against alleged noncompliance.
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Entire Agreement Clause
An entire agreement clause says the written contract supersedes prior discussions and side promises.
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Forum Selection Clause
A forum selection clause requires disputes to be heard in a specified court or venue.
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GDPR
GDPR is the European Union’s General Data Protection Regulation governing personal data processing and individual privacy rights.
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Governing Law
Governing Law is a glossary term used when people evaluate consumer rights and compliance language.
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Indemnification
A contractual promise to cover another party’s losses or legal costs arising from specified claims.
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Jurisdiction
The geographic or legal authority whose courts or regulators can hear a dispute or enforce rules.
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KYB
KYB (Know Your Business) verifies a company’s legal identity, ownership, and legitimacy before onboarding or high-risk access.
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Lawsuit
A civil legal action filed in court to resolve a dispute or seek damages or injunctive relief.
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Legal Risk
The chance of lawsuits, contract disputes, or other legal liabilities arising from business or consumer activity.
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Limitation of Liability
Contract language capping how much a party can be required to pay if something goes wrong.
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Limitation Period
A limitation period is the legal time window within which a claim generally must be filed.
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Mandatory Arbitration
A requirement that parties must arbitrate disputes, typically waiving the right to a court trial.
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Material Misrepresentation
A material misrepresentation is a false statement significant enough that it could affect a reasonable person’s decision.
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Misleading Omission
A misleading omission leaves out material information needed for a fair understanding of an offer.
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PEP Screening
PEP screening checks whether a customer is a politically exposed person with elevated corruption or bribery risk.
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Record Retention
Record retention is how long organizations keep documents and data to meet legal, tax, or operational duties.
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Regulatory Enforcement
Actions by regulators—such as fines, orders, or license actions—to compel compliance with the law.
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Regulatory Risk
Regulatory risk is the chance that laws, enforcement actions, or compliance failures will harm a business or its customers.
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Remediation
Remediation is corrective work to fix harms, control failures, or compliance gaps after a problem is identified.
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Responsible Disclosure
Responsible disclosure is reporting a vulnerability privately first so it can be fixed before public details help attackers.
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Sanctions List Match
A sanctions list match flags a person or entity against government restricted-party lists during compliance screening.
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Severability Clause
A severability clause keeps the rest of a contract in force if one provision is found unenforceable.
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Supervisory Expectation
A supervisory expectation is a regulator’s stated standard of practice firms are expected to meet.
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Terms and Conditions
Terms and conditions are the contractual rules a user agrees to when using a product, site, or service.
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Terms Dark Pattern
Interface or drafting tricks that hide harsh legal terms while obtaining “agreement.”
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Without Prejudice
Without prejudice communications are settlement discussions that typically cannot be used as admissions in court.
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