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LSDefine

Simple English definitions for legal terms

contribution

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A quick definition of contribution:

Contribution: Contribution is a term used in law and business. In law, it refers to a defendant's ability to recover damages from co-defendants in a joint and several liability jurisdiction. This means that a negligent defendant is liable to pay damages for all harm suffered by the plaintiff, even if the negligence of other parties caused some of that harm. After a plaintiff collects from a jointly and severally liable defendant, that defendant may initiate a separate lawsuit seeking contribution against the co-defendants. In business, contribution may refer to a capital contribution, which is money or assets given to a business or partnership by one of the owners or partners, or a charitable contribution, which is money or assets given to a corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes.

A more thorough explanation:

Contribution is a term used in business and tort law. In tort law, it refers to an action a defendant may bring in a joint and several liability jurisdiction to recover for damages they paid out but did not cause. This means that if a plaintiff collects from a jointly and severally liable defendant, that defendant may initiate a separate lawsuit seeking contribution against the co-defendants. In this suit, the co-defendants will be required to pay damages in proportion to their blame for causing the injuries.

For example, if A and B negligently injure V, and V successfully sues A and B for $100,000, that the jury finds A 10% responsible for V's injuries, and B 90% responsible. Because A and B are jointly and severally liable, V may collect the full $100,000 from A. A may then demand that B pay their share of the judgment - here, $90,000.

In business law, contribution may refer to a capital contribution, which is money or assets given to a business or partnership by one of the owners or partners. The capital contribution increases the owner or partner's equity interest in the entity. Capital contributions are not considered business income unless given in the form of a loan.

Contribution may also refer to a charitable contribution, which is money or assets given to a corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes. Charitable contributions are tax deductible for up to one half of an individual's adjusted gross income, and up to ten percent of a corporation's taxable income.

Overall, contribution is an important concept in law that helps to ensure that damages are paid out fairly and proportionally among all parties involved.

contractual lien | contributory infringement

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RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
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