Shared Interest
/ˈʃɛrd ˈɪntrɪst/
Definitions
- (n.) A mutual stake or right in a property, venture, or legal matter held jointly by two or more parties.
The parties had a shared interest in the success of the joint venture.
- (n.) A common legal or financial concern that aligns the positions of different parties, often relevant in conflict of interest analysis.
The attorney disclosed any shared interest that might affect his impartiality.
Forms
- shared interest
Related terms
See also
Commentary
The term 'shared interest' is often used in property law and corporate law contexts to denote joint rights or mutual stakes. Clarity in contracts should specify the nature and extent of shared interests to avoid disputes.
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.