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Legal Definitions - deal
Definition of deal
The term "deal" can function as both a noun and a verb, carrying several distinct meanings in legal and general contexts.
As a Noun:
- 1. A Transaction or Agreement: An arrangement, typically commercial, involving the exchange of goods, services, or property, often for profit or mutual benefit.
- Example 1: A startup company finalized a deal to sell its innovative software to a larger tech corporation for a substantial sum.
Explanation: This illustrates "deal" as a commercial transaction where one entity sells a product to another, resulting in an exchange of software for money.
- Example 2: After weeks of negotiation, the landlord and tenant struck a deal on a new lease agreement for the commercial property.
Explanation: Here, "deal" refers to the formal agreement reached between two parties regarding the terms of a property rental.
- 2. An Arrangement for Mutual Advantage: A specific understanding or agreement between parties, often in a legal or strategic context, where each party receives a benefit in exchange for something else.
- Example 1: In a complex civil lawsuit, the two opposing parties reached a settlementdeal, agreeing to drop their claims in exchange for a financial payment.
Explanation: This shows "deal" as an agreement designed to resolve a dispute, where both sides gain something (resolution, payment) by giving up something else (continuing litigation).
- Example 2: The government offered a deal to a whistleblower, promising protection from prosecution if they provided crucial evidence against a corrupt official.
Explanation: This exemplifies "deal" as a strategic arrangement where one party offers a benefit (protection) in exchange for cooperation (evidence) from another.
- 3. A Significant Quantity: An unspecified but considerable amount or extent of something.
- Example 1: The investigative journalists uncovered a great deal of evidence suggesting widespread fraud within the organization.
Explanation: In this context, "deal" signifies a substantial or large quantity of evidence.
- Example 2: Preparing for the upcoming trial required a good deal of research and legal analysis from the defense team.
Explanation: Here, "deal" indicates a significant amount of effort, time, and work involved in the preparation.
As a Verb:
- 1. To Distribute or Dispense: To give out or hand out items to multiple recipients.
- Example 1: The casino employee began to deal the playing cards to each player around the poker table.
Explanation: This illustrates the act of distributing individual cards to several people.
- Example 2: A licensed pharmacist is authorized to deal prescription medications to patients according to medical orders.
Explanation: Here, "deal" refers to the professional dispensing of specific items (medications) to individuals.
- 2. To Transact Business or Interact: To engage in commercial activities, negotiations, or professional interactions with another person or entity.
- Example 1: The purchasing manager regularly has to deal with various suppliers to secure the best prices for raw materials.
Explanation: This shows "deal" as the act of conducting business interactions and negotiations with external parties.
- Example 2: It is crucial for customer service representatives to deal with client complaints professionally and efficiently.
Explanation: This refers to the act of interacting with and managing issues raised by clients in a professional capacity.
- 3. To Conspire or Collude: To engage in secret or illicit cooperation with another party, often for a deceptive or illegal purpose.
- Example 1: The two rival companies were accused of attempting to secretly deal with each other to fix prices in the market, violating antitrust laws.
Explanation: This example uses "deal" to describe an illicit agreement or conspiracy between competitors to manipulate market conditions.
- Example 2: Investigators suspected that certain officials were dealing with organized crime figures to facilitate illegal gambling operations.
Explanation: Here, "deal" implies secret and unlawful collaboration between individuals for criminal purposes.
Simple Definition
In legal contexts, a "deal" refers to a transaction, such as an act of buying and selling, or an arrangement made for mutual advantage between parties. As a verb, "to deal" means to transact business, distribute something, or engage in an agreement or arrangement with another person or entity.