Exclusive Control
/ɪkˈskluːsɪv kənˈtroʊl/
Definitions
- (n.) The sole authority or governance over a property, asset, or legal right, excluding all others from exercising power or decision-making over it.
The trustee has exclusive control over the trust's financial accounts.
- (n.) In corporate law, the power held by a party to unilaterally manage or direct a company’s operations or assets without interference or concurrence from others.
The majority shareholder asserted exclusive control of the company’s board decisions.
Related terms
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Commentary
Exclusive control often implies legally recognized authority that prevents others from exercising similar control; drafting should specify the scope and limits of such control to avoid ambiguity.
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.