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Full disclosure legal definition of full disclosure full disclosure. n. the need in business transactions to tell the "whole truth" about any matter which the other party should know in deciding to buy or contract. In real estate sales in many states there is a full disclosure form which must be filled out and signed under penalty of perjury for knowingly falsifying or concealing any significant fact. What is full disclosure? definition and meaning ... full disclosure. 1. Accounting: Principle under which all material facts (whose non-disclosure may render a financial statement misleading) must be disclosed. 2. Patenting: Basis under which a patent is granted. All material facts must be disclosed in the patent application, any deviation from this rule may render the patent null and void. Full Disclosure - Investopedia Full disclosure is the general need in business transactions for both parties to tell the whole truth about any material issue pertaining to the transaction.
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