1 The division of a territory into two or more units, each under a different government.
2 The division of supreme power over a territory between different governments (e.g. federal and state).
3 The formal separation, effected by deed, of land held in common ownership into parts, so that each co-owner takes his part solely, beneficially, and free from any rights of the others. Partition of land cannot be enforced without the consent of all the co-owners.
4 The transfer to different companies of parts of a trade or undertaking (or two or more trades or undertakings) of a company. This is usually by means of a distribution agreement or a demerger under the Income and Corporation Taxes Act 1988. Compare partition of chattels.
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