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A contribution agreement is a legally binding document that allows individuals or firms to share the burden of a liability. The agreement provides assurance that if they are sued, they would be able to seek a pre-determined proportion of the liability from fellow members of the agreement.
A contribution agreement, also known as a deed of contribution, is a legal document that provides for the transfer of an asset from one party to another party. It will express the conditions required including liability, indemnities and more.