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MIAMI A
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LSDefine
Simple English definitions for legal terms
purpose
Read a random definition: exannual roll
A quick definition of purpose:
Purpose: The reason why something exists or is done. It is the goal or objective that someone or something is trying to achieve. For example, a company's purpose is the business activity that it is authorized to do.
A more thorough explanation:
Purpose
Purpose means having a specific goal or objective in mind. It can also refer to the main business activity that a company is authorized to do.
- A person's purpose in life may be to help others and make a positive impact on the world.
- The purpose of a company may be to provide affordable and high-quality products to its customers.
The examples illustrate that purpose is about having a clear intention or aim. In the first example, the person has a personal goal to make a difference in the world. In the second example, the company has a business objective to provide affordable and high-quality products to its customers. Both examples show that purpose is about having a specific direction or focus.