MLchartDataset catalogue

Cognovit

Term · Law · MLC-T-LAW-001041

A written confession of judgment signed by a debtor, authorizing a creditor to obtain a judgment without notice or a hearing. This agreement typically waives the debtor's right to due process in the event of default. Many jurisdictions have restricted or outlawed cognovit clauses due to their potential for abuse.

Table 1. Record
IdentifierMLC-T-LAW-001041
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001041",
  "term": "Cognovit",
  "field": "Law",
  "definition": "A written confession of judgment signed by a debtor, authorizing a creditor to obtain a judgment without notice or a hearing. This agreement typically waives the debtor's right to due process in the event of default. Many jurisdictions have restricted or outlawed cognovit clauses due to their potential for abuse.",
  "url": "https://mlchart.com/terminology/law/cognovit/"
}

Record 868 of 5,441 in Law terminology (MLC-0107). Request the full dataset.