Define: Apportum

Apportum is a legal term that refers to the contribution of assets or property to a company or partnership. It is a process by which individuals or entities transfer their ownership rights to the company in exchange for shares or ownership interests. The apportum can include various types of assets such as cash, real estate, intellectual property, or other tangible or intangible assets. The purpose of apportum is to increase the capital or resources of the company, allowing it to expand its operations or undertake new projects. The apportum process typically involves legal documentation, such as a contribution agreement, which outlines the terms and conditions of the transfer and the rights and obligations of the parties involved. It is important for the apportum to comply with applicable laws and regulations, including corporate and tax laws, to ensure its validity and enforceability.

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This glossary post was last updated: 30th March 2024.