If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

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Legal Definitions - societas

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It is better to risk saving a guilty man than to condemn an innocent one.

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Definition of societas

societas

Societas is a type of partnership agreement between two or more people who agree to share profits and losses. It is commonly used in business and commerce.

Two friends decide to start a business together and agree to share the profits and losses equally. They create a societas partnership agreement to formalize their arrangement.

A group of investors come together to fund a real estate project. They form a societas partnership agreement to outline how profits and losses will be shared among the investors.

These examples illustrate how societas is used to formalize a partnership agreement between two or more people who agree to share profits and losses in a business venture.

Where you see wrong or inequality or injustice, speak out, because this is your country. This is your democracy. Make it. Protect it. Pass it on.

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Simple Definition

Term: societas

Definition: Societas is a Latin word that refers to a partnership between two or more people who agree to share profits and losses. It is like a contract where people work together to achieve a common goal. In simpler terms, it means a group of people who come together to do something and share the results.

Behind every great lawyer is an even greater paralegal who knows where everything is.

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I object!... to how much coffee I need to function during finals.

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