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LSDefine

Simple English definitions for legal terms

pool

Read a random definition: Meeting of the Minds

A quick definition of pool:

POOL: A group of people or organizations who work together and share resources and money to achieve a common goal. This can include buying or selling things together. However, if the group is formed to stop competition in an entire industry, it is against the law.

A more thorough explanation:

Definition: An organization of people or entities who combine their resources and funds to achieve a common goal. This can include a group of individuals who buy or sell goods together.

Example 1: A group of farmers in a small town form a pool to purchase seeds and fertilizer in bulk, which allows them to save money on their farming expenses.

Example 2: A group of tech companies form a pool to share research and development costs for a new technology that they all plan to use in their products.

It's important to note that if a pool is formed with the intention of eliminating competition in a particular industry, it can be considered a violation of federal antitrust laws.

These examples illustrate how a pool can be beneficial for individuals or entities who want to achieve a common goal while also saving money. By combining their resources, they can achieve more than they would be able to on their own. However, it's important to ensure that the pool is not formed with the intention of eliminating competition, as this can be illegal.

pony homestead | pooling

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JumpySubsequentDolphin
23:31
tusbihun ‘ala khair
HELLO ALL
whos awake \
JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
3:43
LMFAOOO THE INSTAGRAM POST
m10
3:50
I have no idea how it shows his Insta handle. This makes me an old man.
Dkk
3:52
i think you all are just bullshitting
Dkk
3:54
Y'all are gay af.
Dkk
3:54
Making drama out of nothing like a buncha homosexuals.
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