👉 In the context of jurisprudence and legal theory, a valuation is a method or process used to determine the worth or value of something. It is an important aspect of law because it helps courts to determine what is owed by one party to another in a contract or other legal relationship. Valuation can be applied to various types of property, such as real estate, intangible assets, and financial instruments. In practice, valuation is often performed through negotiations between parties involved in the dispute, which may