de facto

De facto action is an action taken without strict legal authority to do so, but recognized as legally valid nonetheless. The action is considered something that acquires validity based on the fact of its existence and tradition.  

[Last reviewed in January of 2022 by the Wex Definitions Team]

Keywords

• llcs-corporations-partnerships

Wex

• COMMERCE
• THE LEGAL PROCESS
• business law
• business organizations
• corporations
• wex definitions
• business sectors
• legal education and practice
• legal theory
• type