👉 Consociation is a legal concept where two or more individuals, usually related, coexist together without any formal relationship. It refers to the situation in which two or more parties come into close contact and share some of their assets, debts, or interests in common. This can happen if they have a shared interest in something that affects both of them. For example, let's say two friends, John and Mary, decide to pool their money together for a vacation. They may agree to split the