Shared Resources
/ˈʃɛrd rɪˈzɔrsɪz/
Definitions
- (n.) Assets, facilities, or services jointly used by multiple parties, often governed by agreements to allocate rights and responsibilities.
The contract detailed the terms for managing the shared resources between the two companies.
Forms
- shared resource
Related terms
See also
Commentary
In legal contexts, 'shared resources' typically implicate rights and duties among co-users, making clear contractual terms essential 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.