DEFINITION of 'First To File Rule'

A rule stating that whoever is the first to file suit is awarded their home courts. The first to file rule provides an advantage in that the litigator may be familiar with the judge/court, and will not have to incur any extra costs such as travel expenses, nor leave their home for the duration of the trial. The first to file rule is just a general rule. It is not law, and exceptions can be made.

BREAKING DOWN 'First To File Rule'

Often, a change of location can be made as per a request, however, you run the risk of offending the local court as well as impeding on another, perhaps more crowded court. This means that the trial may be put on hold and dealt with in the order it was received by the new court which could be a significant delay.

RELATED TERMS
  1. Tax Court

    A specialized court of law that hears and adjudicates tax-related ...
  2. American Rule

    A rule in law and economics that says attorney fees should be ...
  3. De Novo Judicial Review

    A standard of review that does not place weight on the previous ...
  4. Appellate Courts

    The part of the judicial system that is responsible for hearing ...
  5. 500 Investor Rule

    A SEC stipulation requiring a company that exceeds 500 individual ...
  6. Bankruptcy Court

    What is bankruptcy court?
Related Articles
  1. Taxes

    Tax Court: Your Last Resort

    Appealing an unfavorable or unfair tax ruling may be your last chance to save your finances.
  2. Financial Advisor

    Lawsuits Aim to Overturn DOL's Fiduciary Rule

    Five lawsuits aim to overturn the DOL fiduciary rule that was introduced earlier this year. This is an overview of the complaints raised in each suit.
  3. Investing

    Oracle Battles Google for 9.3B in Damages

    Oracle and Google head to court to decide whether or not APIs are covered under fair use in copyright.
  4. Taxes

    Newlyweds? Tips For Filing Your Tax Return

    For many couples, it pays to file for taxes together. But what are some of the obstacles you should watch out for?
  5. Financial Advisor

    The New Fiduciary Rule: Will Lawsuits Overturn It?

    Fighting over the new fiduciary rule is not finished. Lawsuits are coming in part because some financial advisors don't want to give up a good thing.
  6. Taxes

    Top Reasons to File Separately When Married

    Usually couples file their taxes jointly, not separately. Except for these possible exceptions...
  7. Taxes

    Should You File An Early Tax Return?

    When it comes to filing your taxes, it can often pay to wait until the deadline.
  8. Financial Advisor

    IRS Allows Mortgage Deduction for Unwed Couples

    Single taxpayers who co-own one or more of their homes with another person can now each claim a deduction for the mortgage interest.
  9. Financial Advisor

    Should You File For Bankruptcy?

    Find out how to determine whether this option will help or hurt your financial situation.
  10. Taxes

    Saving On Bankruptcy Costs

    Going bankrupt is awful enough without worrying about ways to pay for it. Here's how to save on lawyers, filing fees and other inevitable costs.
Hot Definitions
  1. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  2. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  3. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  4. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  5. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  6. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
Trading Center