Definitions for "LEGAL VALUE"
The usefulness of records in documenting legally enforceable rights or obligations, both those of the Federal Government and those of persons directly affected by the agency's activities. See also ADMINISTRATIVE VALUE, FISCAL VALUE.
The worth of records for legal purposes, such as to prove ownership, custody, or legal rights and responsibilities.
1. Value inherent in records that provide legal proof of business transactions. 2. The value of records in demonstrating compliance with legal, statutory, and regulatory requirements. See also Administrative Value, Fiscal Value, Historical Value, Informational Value, and Intrinsic Value (ARMA International). iaison See Records Coordinator (ARMA International).