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Perhaps it is best not to define the term into oblivion; that is, giving it such a rarified definition that only a rare moment in history fits it.
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And that's the unsolved debate. Feudalism has so many varying definitions with different viewpoints...what actually was feudalism? Did feudalism really ever exist...etc, by no means is it solved, nor probably will it ever.
In general it's a relationship between a Lord (or you could say King), his vassal, and their fief. There are obligations of each, anything else about the sovereignty...etc was simply a different viewpoint of feudalism (which knowing me was probably a bit biased
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Gondor is divided up with lords and their principalities, but I don't know if that makes it feudal or not.
