Legal Definitions - particeps

A particeps refers to an individual or entity that is a participant in an action, event, or agreement, or holds a share of ownership in something. It signifies someone who is involved or has a stake.

• Example 1: Participant in a business venture

  Imagine two software developers decide to collaborate on creating a new mobile application, agreeing to split all development costs and future profits equally. In this scenario, each developer is a particeps in the venture, meaning they are both active participants in the project and share in its ownership and outcomes.

• Example 2: Part owner of real estate

  Consider a situation where three friends jointly purchase a piece of land with the intention of building a shared vacation cabin. Each friend contributes an equal amount to the purchase price and holds a legal title to a portion of the property. Here, each friend is a particeps, as they are all part owners of the land.

• Example 3: Participant in a legal proceeding

  Suppose a neighborhood association files a lawsuit against a developer for violating zoning ordinances. Several individual homeowners, while not the primary plaintiffs, actively contribute evidence, attend meetings, and support the association's legal efforts. These homeowners could be considered particeps in the lawsuit, as they are actively participating in the legal action, even if not formally named as lead parties.