Parting
/ˈpɑːrtɪŋ/
Definitions
- (n.) The division or separation of parties, goods, or interests, often in the context of dissolution of partnership or property transfer.
The parting of assets was finalized in the settlement agreement.
Related terms
See also
Commentary
In legal drafting, 'parting' typically refers to the act or process of division or separation, especially regarding partnerships or estates.
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.