Outrageously Funny Word Dictionary :: Reallegation

👉 Reallegation is a legal concept used in contract law to refer to the situation where two or more parties are involved in a joint venture or partnership, and each party has an equal right to receive a portion of the profits from the venture. In this context, "reallegation" refers to the division of the profits between the participating partners based on their respective roles and responsibilities. Reallegations can occur when one partner has a greater financial interest in the venture than another, or when there is an imbalance

reallegation