Shared
/ˈʃɛrd/
Definitions
- (adj.) Owned, used, or possessed jointly by two or more parties.
The partners held a shared interest in the property.
- (adj.) Pertaining to rights, responsibilities, or liabilities distributed among parties rather than borne individually.
The contract established shared liability among the defendants.
Related terms
See also
Commentary
In legal drafting, clarity is needed to specify the nature of 'shared' ownership or responsibility, distinguishing it from exclusive or individual rights.
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.