Percentages
/ˈpərˌsɛntɪdʒɪz/
Definitions
- (n.) A proportion or share in relation to a whole, often used in legal contexts to specify interest, liability, or ownership.
The contract stipulates that each partner shall receive twenty percent of the profits.
Related terms
See also
Commentary
Percentages in legal documents must be clearly defined to avoid ambiguity, especially in contracts involving shares, interests, or penalties.
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.