Inter Se Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Inter Se, written in plain English, along with examples of how it is used.
What is Inter Se?
It means “between or amongst themselves” as in Latin. Normally it refers to the certain rights given or restricted to only the certain section of the coporate individuals like trustees, directors, shareholders etc.
History and Meaning of Inter Se
Inter se is a Latin term that means "between or amongst themselves." It is commonly used in legal contexts to refer to specific rights and restrictions given to certain individuals within a corporation, such as trustees, directors, or shareholders. Inter se recognizes that certain individuals within a corporation have different sets of rights and obligations.
Examples of Inter Se
As per the agreement among the shareholders, the transfer of shares will take place on an inter se basis, meaning that they can only be transferred between the shareholders themselves and not to any third party.
The board of directors has certain powers of management and decision-making inter se, which means that they can make decisions as a group without having to consult with shareholders.
The trustees have certain obligations to act inter se when it comes to managing the assets of the trust. This means that they must act in the best interests of the trust and not their own personal interests.
The inter se relationship between the various parties involved in the contract must be considered when interpreting the terms of the agreement.
Legal Terms Similar to Inter Se
Intra vires: This Latin term means "within the powers," and is used to refer to actions taken by a corporation that are within the scope of its legal authority.
Ultra vires: This Latin term means "beyond the powers," and is used to refer to actions taken by a corporation that are outside the scope of its legal authority.
Prima facie: This Latin term means "on its face," and is used to refer to evidence that appears to be sufficient to prove a particular fact or claim until rebutted or contradicted.