Legal Inventory
/ˈliːɡəl ɪnˈvɛntɔːri/
Definitions
- (n.) A comprehensive list or record of legally relevant documents, rights, obligations, or assets subject to evaluation or management within a legal context.
The legal inventory compiled by the firm included all contracts and intellectual property rights.
- (n.) A detailed catalogue of assets and liabilities compiled during probate or estate administration for legal purposes.
The executor prepared the legal inventory to facilitate estate distribution.
Forms
- legal inventory
Related terms
See also
Commentary
Legal inventories often serve a crucial role in due diligence and estate administration, requiring accuracy to ensure legal compliance and thorough record-keeping.
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.