Exchange of Rights
/ɪksˈtʃeɪndʒ ʌv raɪts/
Definitions
- (n.) A transaction in which parties mutually transfer legal rights, often in contracts or property matters.
The exchange of rights between the parties was formalized in the agreement.
Related terms
See also
Commentary
Used primarily in contract and property law to describe mutual conveyance of legally enforceable entitlements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.