Counterpart Legal Meaning and Definition

Here is a simplified definition of the legal term Counterpart.

Counterpart (noun):

1. A duplicate or identical item, usually referring to a copy of a document. This term is often used when the parties involved in legal transactions live in different geographic locations and sign separate but identical copies of a contract.

2. Something that has the same characteristics or qualities as another, showing a high degree of resemblance or similarity.