Fee Legal Meaning and Definition

Here is a simplified definition of the legal term Fee.

Fee (noun)

1. A payment made for professional services or for a privilege granted, such as an entrance fee.
2. In law, "fee" specifically refers to the ownership of land or property, which can be absolute and not dependent on any other event or occurrence. This originates from the old French term 'fief'. A fee can also be set up to end upon a future event. For instance, in a deed, it could mean the transfer of ownership or right to a property.