Distribute Legal Meaning and Definition

Here is a simplified definition of the legal term Distribute.

Distribute (verb)

1. The act of giving out or sharing property or assets. This can be from an estate or trust based on the instructions of a deceased person's will or trust. If there isn't a will, then it's done according to laws about inheritance and distribution.

2. In a business context, distribute refers to the sharing or allocation of profits or assets within a corporation or business.