Affiliate Status
/ˈæfɪliˌeɪt ˈsteɪtəs/
Definitions
- (n.) The legal designation describing the relationship or connection of one entity to another, typically indicating control, ownership, or shared interests relevant for regulatory, tax, or contractual purposes.
The company gained affiliate status with the multinational corporation, affecting its compliance obligations.
Forms
- affiliate status
Related terms
See also
Commentary
Affiliate status often determines the application of specific regulatory or tax rules and is important in contract drafting to define rights and obligations among connected entities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.