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The "legal aspect" means the legal considerations, implications, or issues of a certain case, action, or decision. It deals with laws, regulations, rules, and legal principles that apply to or about a given matter. Deciphering the legal aspects of a situation thus involves assessment of how the laws and legal frameworks may apply, what kind of legal obligations or rights are involved, and the possible legal implications of certain actions.
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On the other hand, the "legal element" is that part or factor of any issue which, in its own right, is subject to a law and requires some form of legal consideration or compliance.