Chance
/ˈtʃæns/
Definitions
- (n.) An opportunity or possibility that something will happen, especially by risk or uncertainty.
The contract was signed with the chance of market fluctuations taken into account.
- (n.) In legal context, the risk or likelihood that an event or consequence may occur, often relevant in assessing damages or liability.
The court considered the chance of harm when awarding damages.
Forms
- chances
Related terms
See also
Commentary
In legal drafting, clarify whether 'chance' refers to opportunity or risk to avoid ambiguity, especially in contract and tort contexts.
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.